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The IPO this week of Santa Monica-based Demand Media has drawn widespread attention, with a number of articles yesterday talking about how the firm's market cap exceeded the New York Times Company after the IPO. In intraday trading Thursday, Green Dot (GDOT) had a market cap of approximately $2.68
Monrovia-based Soliant Energy , a developer of concentrated solar energy systems, announced this morning that it has added Ben Jamison as the firm's new Vice President of Marketing. The firm said that Jamison will be responsible for all marketing related activities at the company. Solus Micro Technologies and NEC Technologies.
On the heels of the much heralded IPO of Silicon Valley electric car darling Tesla Motors today on the NASDAQ, investors are now looking to what other firms might benefit from the electric vehicle market--and what appears to be a growing appetite for IPOs.
Monrovia, California-based biopharmaceuticals developer Xencor has filed for an IPO, saying in a filing this morning that it looking to raise up to $69.0M Xencor said it is has applied to trade as XNCR on the NASDAQ Stock Market. in its initial public offering.
Monrovia, California-based prepaid card provider Green Dot has acquired the reloadable prepaid card business of GE Capital , which are marketed under the Walmart brand, the firm said today. The companies said they expect the deal to close in the second half of the year. Financial terms of the acquisition were not announced.
The number of Southern California related initial public offerings is growing steadily upwards, as Gevo --originally started in Pasadena, and based on technology out of Caltech and UCLA--hit the market this morning. Gevo is just the latest in a surge of companies hitting the public markets which have Southern California links.
Monrovia, California-based unmanned aircraft maker Aerovironment said today that it is looking to demonstrate the use of its small, unmanned aircraft for use in post-disaster communications, for the Federal Communications Commission.
Monrovia-based Aerovironment has scored another electric vehicle charging win, saying today that it has been selected by the BMW Group to provide electric vehicle charging equipment and installation for the new BMW ActiveE as a preferred provider. Financial impact of the win was not disclosed. The ActiveE is based on the BMW 1 Series Coupe.
In a move which will not surprise anyone familiar with Monrovia, California-based Green Dot , the company''s mobile banking service, GoBank , has been launched by Walmart. GoBank has been available since June of last year, but has not had as big of a marketing partner as Walmart until now. READ MORE>>.
Monrovia-baesd Tanner EDA , the developer of mixed signal electronic design automation software, said today that it has expanded its presence in the Chinese market, and has signed up a new sales and support partner. NewPlus also represents firms such as Synopsys, Atrenta, and others in the market. READ MORE>>.
Monrovia, California-based Xencor has set the initial offering price for its IPO, saying in a filing Thursday morning that it will offer up 10,700,000 shares of its common stock at $7.00 The company plans to trade on the NASDAQ Global Market as XNCR. and $16.00 per share.
Westlake Village-based online advertising and marketing firm ValueClick said late Tuesday that it is planning to divest its "Owned & Operated" websites segment, the company''s division which runs such sites as Investopedia, PriceRunner, Smarter.com, SymptomFind, and CouponMountain.com. READ MORE>>.
Monrovia-based Green Dot , the provider of prepaid credit cards which hit the market today, closed up 22.2 The firm had debuted on the market Thursday morning at $36.00 percent in its IPO, at $43.99. per share, above initial estimates of $32.00 The firm is now listed at GDOT on the NYSE.
Monrovia-based Xencor , the developer of biopharmaceutical technology headed by Bassill Dahiyat, delayed its IPO Friday, citing poor market conditions for the offering. The company had hoped to IPO on the NASDAQ Global Market. The company is backed by MedImmune Ventures, HealthCare Ventures, and others.
Monrovia-based Soliant Energy , a developer of solar concentrators, is opening up its new pilot production plant in Monrovia today, saying that the plant will produce up to 1 megawatt of solar panels annually. Soliant's solar concentrators are targeted at the commercial rooftop market. READ MORE>>.
Monrovia-based Ondax , a developer of optical filters and laser sources based on research out of the California Institute of Technology, has raised $2M in a Series E investment. According to the Pasadena Angels, one of the investors in the firm, the round also included the Tech Coast Angels and un-named venture capital firms. READ MORE>>.
Monrovia-based biopharmaceuticals developer Xencor said this morning that it has priced its IPO, at $5.50 per share, and will start trading today on the NASDAQ Global Market as XNCR. Xencor sold 12,730,000 shares of its common stock in the IPO. Xencor was venture backed by MedImmune Ventures, HealthCare Ventures, and others.
Monrovia, California-based Parasoft , which develops software testing tools, has launched a new product aimed at the automated, continuous testing market. The company said it has released a new API Testing Solution, which can be used as part of continuous integration and release efforts.
Monrovia-based Soliant Energy , a developer of solar concentrators targeted at the commercial market, announced today that it has named a new CEO and Chairman, Dr. Terry Bailey. Bailey joins from Evergreen Solar, where he was Senior Vice President, Marketing and Sales. Bailey replaces Marco DeMiroz.
Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets. Internet Brands had gone public just three years ago.
Monrovia-based Ondax , which develops laser products and holographic gratings used in defense, industrial, medical diagnostics, analytical instrumentation, and consumer electronics markets, has added Andrea Belz to its board, the firm said Monday.
Monrovia, California-based Green Dot , the prepaid debit card provider headed by Steve Streit, said this morning that it has acquired Silicon Valley mobile social networking firm Loopt. Green Dot said it will pay $43.4M in cash for Loopt, which will become its Silicon Valley hub for its mobile technology and product development team.
Monrovia-based Aerovironment reports today that it has started shipping and installing its first residential smart charging systems for electric cars. Aerovironment's chargers are aimed at the elctric vehicle and plug-in hybrid market. No other details of the installations were given.
Monrovia, California-based Xencor , the biopharmaceuticals technology developer headed by Bassil Dahiyat, has set its IPO pricing range, saying today in a regulatory filing that it is expecting to price its IPO at between $14.00 The company is looking to trade as XNCR on the NASDAQ Global Market. and $16.00
In another military contract win, Monrovia-based AeroVironment , the maker of unmanned aircraft for the military, reported that it has scored an $11.1M military and others, and the firm is also now looking to tackle the domestic market with its Qube small UAS for law enforcement and other public safety uses. The Raven is a 4.2
Monrovia, California-based Green Dot , the prepaid payment card provider, has launched itself into the mobile banking market today, unveiling its new GoBank bank account. The firm said it designed the new, mobile banking account "from scratch", specifically aimed at the new mobile generation.
Monrovia, California-based electric vehicle charging developer Aerovironment has added a big new customer for its charging station installation service today: Ford Motor Company.
Monrovia-based Green Dot , the publicly held provider of prepaid debit cards, said in a statement with the SEC Monday that it is looking to offer up to $100M in a new public offering of its Class A shares.
In what seems like almost weekly news now about a Southern California firm gearing up for the public markets, Monrovia-based Green Dot is expected to hit the markets sometime this week. and $35.00 per share, and will list on the NYSE at GDOT.
Monrovia-based AeroVironment is expanding its lineup of chargers for the electric vehicle market, with a new product specifically aimed at the forklift and materials handling market. According to AeroVironment it has launched a new product, ConnectRx, as part of its PosiCharge ProCore line of electric forklift chargers.
Southern California appears to be on a IPO roll this month, with the pricing of Monrovia-based Green Dot 's IPO last night and expected trading today, following the successful IPO of Beverly Hills-based RealD last Friday.
Monrovia-based Soliant , the developer of concentrating photovoltaic solar panels, reported an install in Chatsworth today, saying it has installed its systems on the roof of MBK Tape Solutions, a firm which fabricates adhesive tape and flexible materials. Soliant said the system generates 10kW of grid-connected electricity.
Monrovia-based Telscape , a competitive local exchange carrier (CLEC) and wireless service provider serving the Hispanic market, has been recapitalized, according to investment bank Gemini Partners. Financial details of the recap were not disclosed by the firms.
Monrovia, California-based AeroVironment , the developer of unmanned aerial vehicles and electric vehicle charging systems, said late Tuesday that it has named Tom Herring as the firm's Chief Operating Officer. Herring was previously Senior Vice President and General Manager of the firm's UAS division. READ MORE>>.
Monrovia-based Green Dot , the provider of prepaid credit cards which hit the markets this morning in its IPO, is up in early trading this morning on the NYSE. The firm, which debuted at GDOT this morning, was up as high as $44.83 so far this morning. per share.
Monrovia-based Green Dot , the provider of prepaid credit cards headed by Steve Streit, is looking to expand its market, with a partnership with the AARP. According to Green Dot Thursday, it will launch an "AARP Foundation" prepaid Mastercard, which will be tailored to older Americans.
Wave Crest looks to be in the same, prepaid payment card sector as Monrovia-based Green Dot, which is expected to hit the public markets very soon in its IPO. GRP has been fairly focused on financial services companies, and scored a significant exit last year in billing firm BillMeLater, which it sold for over a billion dollars.
Monrovia-based Ondax , a manufacturer of holographic filters and semiconductor lasers for the industrial, defense, scientific and medical markets, announced this week that it has named Randy Heyler as its President and CEO.
Monrovia-based prepaid card provider Green Dot was being battered in the markets this morning, after Walmart and American Express announced a deal to create a new, prepaid card called Bluebird. Walmart and Amex said the new, reloadable prepaid card will have no monthly, annual, or overdraft fees and be distributed via Walmart's stores.
Monrovia-based AeroVironment released a response Wednesday to activist investor Engaged Capital , which has taken a 5 percent stake in the maker of unmanned aerial vehicles and electric charging stations. Engaged Capital is an investor based in Newport Beach. READ MORE>>.
Monrovia, California-based Aerovironment , which develops unmanned aerial vehicles (UAVs) for the military and other markets, reported a win this week with the Royal Canadian Navy. Financial details of the contract were not announced.
Monrovia, California-based Aerovironment , which develops unmanned aerial vehicles (UAVs) for the military market, reports that it has received a $13M contract from the United States Air Force. According to AeroVironment, the new contract award covers support of Latin America and Caribbean nations with its RQ-11B Raven drone.
Ecotality makes the Blink and Minit Charger brands of charger for electric cars, which competes against Monrovia-based Aerovironment''s EV Solutions unit. San Francisco-based Ecotality had been pursuing the public charging market, with deals with Kroger, Kohl''s, Hilton, and others.
Monrovia-based Tanner EDA said late last week that it has signed on a new distributor of its products in Korea. in the market, to distribute the firm's analog, mixed-signal (A/MS) and MEMS electronic design automation (EDA) tools. According to Tanner EDA, it added DauouXilicon Inc. READ MORE>>.
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