Friday, January 14, 2011
IPO Filings Keep Coming In Southern California
The filing of an IPO by Los Angeles-based Boingo Wireless on Friday seems to indicate the interest in public markets by venture-backed, Southern California firms has not abated. The filing comes on the heels of Demand Media's kickoff of its roadshow to Wall Street on Wednesday, after it set an initial pricing range on its own IPO offering. Other notable Southern California firms that have filed for an IPO recently include Santa Monica-based Cornerstone On Demand, San Diego-based Peregrine Semiconductor, San Diego-based Ambit Biosciences, and Los Angeles-based Gamefly.
Firms which successfully reached the markets in the past year include Green Dot, RealD, Maxlinear, Inphi Corp., and ReachLocal. On top of both successful and filed IPOs, firms rumored to be working on an IPO include Los Angeles-based LegalZoom, Irvine-based Fisker Automotive, Pasadena-based eSolar, and Santa Monica-based Coda Automotive.