Top News

TrueCar Jumps In IPO As Socal Tech Exits Continue

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, up around 16 percent over its pricing at $9.00 per share late last night. The IPO is the latest in a long string of exits around Silicon Beach in recent weeks, including the $3.2 billion acquisition of Beats Electronics last week by Apple Computer, the $101M acquisition of Convertro by AOL, a $175M acquisition of Inktank by by Red Hat, the IPO of Rubicon Project at the beginning of February. Those exits also include a $295M deal for Solid Concepts, a $2 billion deal for Oculus VR by Facebook, and the acquisition of Maker Studios by Disney -- just to mention those that have occurred in the last couple of months.


 

Marketplace


 

 

Latest Headlines

Browse Issues

 
 

Keep up with all of the latest Southern California high tech news via email (it's free!)



or Cancel