Newegg tech shop sees IPO to fund global expansion

daRk_heLmet · Jul 4, 2005, 08:06 PM

Newegg Inc., an online seller of PCs and computer parts, is aiming for an initial public offering in the next year as it embarks on an aggressive global expansion including a build-up in China, its top executive said on Friday.

The company expects sales across its network to grow 40 percent to $1.4 billion this year, with virtually all of that coming from its home U.S. market, Chief Executive Officer Simon Hsieh told Reuters in a phone interview.
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Read More/Source: Reuters

Jul 4, 2005, 08:06 PM	#1
daRk_heLmet Keep firing, assholes! Join Date: Nov 2004 Location: Death Star Posts: 1,072 Rep Power: 0	Newegg tech shop sees IPO to fund global expansion Newegg Inc., an online seller of PCs and computer parts, is aiming for an initial public offering in the next year as it embarks on an aggressive global expansion including a build-up in China, its top executive said on Friday. The company expects sales across its network to grow 40 percent to $1.4 billion this year, with virtually all of that coming from its home U.S. market, Chief Executive Officer Simon Hsieh told Reuters in a phone interview. _______________________ Read More/Source: Reuters __________________ [color=white]My Blog[/color]