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Southern California needs to find its hub for it to develop its own tech ecosystem

TechCrunch LA

Recognizing the tens of billions of dollars that the Southern Californian region leaves on the table, because it hasn’t taken its rightful place in the American technology industry, a new group called the Alliance for Southern California Innovation has just released a report to analyze how SoCal can work to assume its pole position.

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Interview with Steve Poizner, Alliance for Southern California Innovation

socalTECH

We sat down with Steve to chat about what the Alliance is working on, and why he decided to champion the growth of the technology industry here. We sat down with Steve to chat about what the Alliance is working on, and why he decided to champion the growth of the technology industry here. Tell us what the Alliance is all about?

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TrueCar Jumps In IPO As Socal Tech Exits Continue

socalTECH

Santa Monica-based TrueCar , the online new car pricing and buying site, jumped in its IPO Friday morning, trading up 16 percent in early trading this morning. The company--the second technology company to have an IPO this year from Southern California--was trading around $10.47 per share late last night. READ MORE>>.

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Insights and Opinions: Returns From Southern California IPOs

socalTECH

For today's Insights and Opinions section, we have the third and final article on Southern California IPOs and returns from Jon Funk. Jon discusses the returns from Southern California IT IPOs between 1995 and 2009. Markets displayed a healthy rationality, pricing these IPO's at an average of $366 million.

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BlackLine Software Prices IPO

socalTECH

Woodland Hills-based BlackLine Software , the developer of accounting and financial close software, has priced its IPO, saying late Thursday evening that it will sell 8,600,000 shares of its common stock at $17.00 BlackLine priced at the high range of an already increased estimated IPO range, which was set to $16.00 earlier this week.

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Obalon Sets IPO Pricing Range

socalTECH

Carlsbad-based Obalon Therapeutics , which is developing a balloon-based medical device for assisting in weight loss, has set the estimated initial IPO pricing range for its public offering, saying it now expects an initial public offering at between $14.00 if it prices at the high end of its estimated range. and $16.00

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Snap Prices IPO, Debuts On NYSE Tomorrow

socalTECH

Venice, California-based Snap, Inc. has officially priced its IPO, saying on Wednesday afternoon that it will sell 200M shares of its common stock at $17.00 The IPO is Southern California's largest, technology IPO in history, and makes founder Evan Spiegel and Bobby Murphy each instantly worth $3.58 billion each.

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