This was originally posted at ZDNet's Between the Lines.
Online electronics retailer Newegg is launching an initial public offering estimated at $175 million, according to a filing with the U.S. Securities and Exchange Commission on Monday.
The retailer has largely been focused on IT products such as hardware, software, and peripherals since its launch in 2001, but it recently has expanded into the consumer electronics business and products that are targeted at small to midsize businesses. It has also expanded beyond the United States, moving into Canada and China.
Last year, it reported net sales of $2.1 … Read more