Friday, July 16, 2010
And Then There Were Three: RealD Hits Markets Today
With the IPO of Los Angeles-based RealD, which starts trading this morning on the NYSE as RLD, Southern California now has three successful IPOs on record. RealD said last night that it had priced its IPO at $16.00, and is selling 12.5M shares of its common stock. RealD joins Woodland Hills-based ReachLocal and Carlsbad-based MaxLinear among the list of local firms with a successful IPO this year.
Still on tap for an IPO are Pasadena-based Green Dot, Pasadena-based Genmark Diagnostics, Westlake Village-based Inphi, San Diego-based Fallbrook Technologies, Los Angeles-based GameFly, San Diego-based Trius Therapeutics, City of Industry-based NewEgg, and Thousand Oaks-based Nexsan.
Investors who have benefited from the recent IPOs include VantagePoint Venture Partners, Rho Ventures, and Galleon Group, who were investors in ReachLocal; USVP, Battery Ventures, Mission Ventures, UMC Capital with MaxLinear; and Shamrock Capital, which backed RealD.