NewEgg Files For $175m IPO

Posted: Sep 29 2009, 8:26am CDT | by , Updated: Aug 11 2010, 4:30pm CDT, in News | Technology News


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One of our favorite computer hardware retailers has the balls to file for an IPO. California based Newegg plans to offer stock worth $175 million according to a filing with the SEC.
Founded in 2001, Newegg has more than 12 million registered users and had approximately $2.1 billion in sales in 2008.
NewEgg did not specify a schedule for the IPO. I assume they are testing the market to see if they get the price per share they are looking for.
Via MarketWatch.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
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