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.
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