Newegg going public

**Solefald** · 2009-09-29 23:28

Online retailer Newegg files for $175 million IPO - MarketWatch

SAN FRANCISCO (MarketWatch) -- Internet retailer Newegg Inc. plans an initial public offering of stock worth up to $175 million, according to a filing with the Securities & Exchange Commission on Monday.

Newegg said it plans to use the IPO proceeds to repay debt and for general corporate purposes, while using $25 million to expand in Canada and China over the course of a year.

What kind of changes do you think this will bring for NA consumers? Anyone thinking of buying stock in the company?

**Mistress Stowastiq** · 2009-09-29 23:31

I didn't know they were not public yet. Damn I wish I could get in on that ipo or even the shares later.

**thestalkmore** · 2009-09-29 23:38

Pretty cool. If I knew anything about buying stock I'd grab a few shares.

**Omnipotent** · 2009-09-30 00:02

Anyone know the Initials so I can create a watch on it?

**Minions** · 2009-09-30 00:52

Hope they get NEGG or NWEG or something! I havn't been able to find out what it actually is...

**Solefald** · 2009-09-30 01:21

2nd paragraph of the article (which i neglected to cut+paste) says this

City of Industry, Calif.-based Newegg focuses on sales of electronics, hardware and software to consumers and small businesses. The company did not specify the timing of its IPO, on which market it intends to float its shares or its intended ticker symbol.

**Minions** · 2009-09-30 02:36

Also apparently have a lawsuit filed against them... Wonder what the shares would start at, and depending on the outcome how it would affect them.

**Olo401** · 2009-09-30 08:10

Hopefully they won't get gobbled up by some crappy offline retailer..

**Boyiee** · 2009-09-30 11:57

in 4weeks a new topic is going to pop up:

"Dell buys Newegg."

Vuitton · 2009-10-01 16:52

Well there goes Newegg as being one of the best online retailers for computer hardware and accessories.

**LinktheDeme** · 2009-10-01 17:34

Originally Posted by Vuitton

Well there goes Newegg as being one of the best online retailers for computer hardware and accessories.

Amazon is public and it is even more so cheaper than anywhere for everything they have. The only thing going public will do is give them more start up cash unless they sell out the majority of their company and fuck themselves (or could be win?)

**mootsfox** · 2009-10-01 23:04

Going public often ruins companies for the consumer.

I hope the days of good Newegg aren't yet over.

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