Thursday, July 22, 2010
SoCal Racks Up Another Successful IPO
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. In recent months, Woodland Hills-based ReachLocal and Carlsbad-based MaxLinear also have managed to reach the markets via an IPO, and there are at least seven other Southern California companies waiting in the wings for the public markets. Those firms include 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. Not yet filed, but rumored to be filing for an IPO is Demand Media, the online media venture of Richard Rosenblatt, the former Chairman of MySpace.