Thursday, June 17, 2010
Southern California Firms Queue Up For The Public Market
The long list of Southern California high tech companies lined up for the public markets just got a little longer this morning, with the addition of Inphi Corp., which said it is looking to list on the NYSE in a $115M IPO. The addition of Inphi now means that there are nine companies in the IPO queue from Southern California, including Los Angeles-based RealD, Pasadena-based Green Dot, Pasadena-based Genmark Diagnostics, San Diego-based Fallbrook Technologies, Los Angeles-based GameFly, San Diego-based Trius Therapeutics, City of Industry-based NewEgg, and Thousand Oaks-based Nexsan. So far, two companies-- Woodland Hills-based ReachLocal, which completed its IPO in May, and Carlsbad-based Maxlinear, which hit the markets in March, have had successful IPOs. Santa Monica-based Demand Media, the online publishing firm of Richard Rosenblatt, has long been rumored to be in the process of filing for an IPO, but has not done so yet, and service providers in the community suggest there may be a few more in the works. The high level of IPO activity--if those firms manage to make it to market--would make this year one of the most active IPO years here since the dot com bust.