Newegg plans to raise up to $175 million with IPO

09/28/2009 | Wall Street Journal, The · Reuters

Newegg plans to launch an initial public offering as it looks to expand beyond the U.S. The Internet electronics retailer is striving to tap the rebounding stock market to raise about $175 million. Newegg, which had sales last year of $2.1 billion, has been profitable every year since its founding in 2001.

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Wall Street Journal, The · Reuters

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