NewEgg is looking to go big as it plans to file an IPO to fuel its expansion into the global marketplace. It's major focus for expansion appears to be the exploding China market:
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.
54 Comments - last comment by Cookie Crusher on Oct 18, 2005 at 3:12 PM February 9, 2010
February 8, 2010