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Demand Media Market Cap Huge, But Green Dot Still Bigger

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The IPO this week of Santa Monica-based Demand Media has drawn widespread attention, with a number of articles yesterday talking about how the firm's market cap exceeded the New York Times Company after the IPO. In intraday trading Thursday, Green Dot (GDOT) had a market cap of approximately $2.68

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Soliant Energy Names Marketing VP

socalTECH

Monrovia-based Soliant Energy , a developer of concentrated solar energy systems, announced this morning that it has added Ben Jamison as the firm's new Vice President of Marketing. The firm said that Jamison will be responsible for all marketing related activities at the company. Solus Micro Technologies and NEC Technologies.

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Eleven of Southern California's Firms In The Alternative Vehicle Market

socalTECH

On the heels of the much heralded IPO of Silicon Valley electric car darling Tesla Motors today on the NASDAQ, investors are now looking to what other firms might benefit from the electric vehicle market--and what appears to be a growing appetite for IPOs.

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Xencor Files For IPO

socalTECH

Monrovia, California-based biopharmaceuticals developer Xencor has filed for an IPO, saying in a filing this morning that it looking to raise up to $69.0M Xencor said it is has applied to trade as XNCR on the NASDAQ Stock Market. in its initial public offering.

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Green Dot Buys GE Capital's Walmart Cards

socalTECH

Monrovia, California-based prepaid card provider Green Dot has acquired the reloadable prepaid card business of GE Capital , which are marketed under the Walmart brand, the firm said today. The companies said they expect the deal to close in the second half of the year. Financial terms of the acquisition were not announced.

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Southern California Linked IPOs Grow

socalTECH

The number of Southern California related initial public offerings is growing steadily upwards, as Gevo --originally started in Pasadena, and based on technology out of Caltech and UCLA--hit the market this morning. Gevo is just the latest in a surge of companies hitting the public markets which have Southern California links.

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AeroVironment Eyes Civilian Market With FCC Demo

socalTECH

Monrovia, California-based unmanned aircraft maker Aerovironment said today that it is looking to demonstrate the use of its small, unmanned aircraft for use in post-disaster communications, for the Federal Communications Commission.

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