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Report: Uber Artificially Pushes Pricing In San Diego

socalTECH

According to a report Wednesday from TheVerge, Uber has been keeping drivers off the road in San Diego--to force "surge" pricing on the ride service. Uber''s "surge" pricing is an algorithm-driven feature of Uber, which dramatically increases the cost of rides on its system when drivers are at a premium. READ MORE>>.

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San Diego's Seismic Snags $100M, Joins Unicorns

socalTECH

San Diego-based Seismic , a developer of sales and marketing software, has raised $100M more in a funding round, which values the company at $1 billion, the company said on Tuesday. Rowe Price, plus General Atlantic, JMI Equity, and Jackson Square Ventures. The funding round came from Lightspeed Venture Partners, T.

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Avidity Biosciences Prices IPO

socalTECH

San Diego-based Avidity Bio , a biopharmaceuticals company working on oligonucleotide-based therapies, priced its IPO last night, saying that it will offer up 14,400,000 shares of its common stock at $18.00 The company priced above its initial estimated offering range of $14.00

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Evofem Prices $50M Offering

socalTECH

San Diego-based Evofem Biosciences, which is developing biopharmaceuticals for women's contraception and related areas, says it has priced a $50M, public offering, and also will receive up to an additoinal $50M upon exercise of accompanying short-term warrant.

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Zillow Expands Instant Home Buying Service To LA, San Diego

socalTECH

Online real estate service Zillow is expanding its home buying service to both Los Angeles and San Diego, the company announced this week, in a move which will allow home buyers to get nearly instant offers on their homes--instead of going through a traditional broker and offering their home on the market. READ MORE>>.

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TuSimple Prices IPO, Starts Trading Today

socalTECH

San Diego-based TuSimple priced its IPO last night, saying that it will sell 33,783,783 shares of its Class A common stock at the price of $40.00 per share, raising just over $1 billion for the company. The company will begin trading this morning on the Nasdaq Global Select Market as TSP.

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Event Announcement: Xcelerating Life Sciences San Diego

Xconomy

Grab yours today before prices go up. Can’t make the San Diego. Early bird tickets are on sale now for only $99. Each half-day Xcelerating Life Sciences forum is dedicated to helping industry leaders develop meaningful partnerships and explore bold new ideas to overcome healthcare’s biggest challenges.