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  • Newegg Files $175M IPO

    09/28/2009 1:30:31 PM PDT · by Ernest_at_the_Beach · 15 replies · 825+ views
    Daily Tech ^ | September 28, 2009 3:50 PM | Michael Barkoviak
    Newegg finally goes public, with financial analysts expecting big thingsOnline retailer Newegg today announced plans to go public, filing for a $175 million IPO, according to an SEC filing. Newegg is best known as a technology e-tailer, but has expanded of late to include other consumer electronics.  Since launching in 2001, the company has been profitable every year, with $2.1 billion in sales in 2008.  In 2007, the company saw $1.9 billion in sales, with the number expected to increase as Newegg expands its business. The company has seen dramatic success after making changes to support small- and medium-sized businesses...