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RealD said last night that it had priced its IPO at $16.00, and is selling 12.5M With the IPO of Los Angeles-based RealD , which starts trading this morning on the NYSE as RLD, Southern California now has three successful IPOs on record. shares of its common stock.
per share, after pricing below its initial offering range on Wednesday evening, and had traded as high as $15.26 Woodland Hills-based ReachLocal , which helps small and local businesses place Internet advertising, was up 15.2 percent after its IPO Thursday, closing at $14.98, up $1.98. The firm sold 4,166,667 shares of stock at $13.00
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.
Los Angeles-based online technology retailer Newegg reports this morning that its B2B subsidiary, NeweggBusiness , has been awarded a General Services Administration (GSA) Schedule contract. The company said the contract will enable it to grow its revenues from agencies of the U.S. government. READ MORE>>.
Irvine-based Advantage Solutions , which provides technology-enabled sales and marketing services to manufacturers and retailers, has acquired Quantum Networks , a New York City-based e-commerce retailer and agency. Advantage Solutions says Quantum Networks also is on eBay, Newegg, Walmart.com, Reverb, and Google Shopping.
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