Popular electronics retailer Newegg filed for a $175 mil initial public offering today, becoming the 3rd internet darling in recent memory, after Zappos and Mint, to seek a cashout. Let’s hope Newegg doesn’t switch their business model from being entirely beholden to customers to being entirely beholden to shareholders. Otherwise, the customers’ battle cry of “It’s Newegg or nothing!” will be getting a tryout. [Reuters] (Thanks to GitEmSteveDave!) (Photo: Matt & The Camera)
Newegg Files For $175 Mil IPO – Going All Hollywood On Us Now?
By Ben Popken September 28, 2009
- the tax man clicketh Newegg Challenges Alabama Over Collection Of Online Sales Tax
- no more voltron US Foods Plans Public Stock Offering After Failed Merger With Sysco
- literally warm and fuzzy Zappos Customer Service Rep Turns Wrong Order Into Welcome Surprise For S.C. Flood Victims
- 24% more buys Best Buy Increasing Online Sales, Still Not Dead
- no discounts for you Court: American Express Can Stop Stores From Steering Customers To Less-Expensive Cards