Resonant’s planned initial public offering is small at $13.8 million, but there’s a chance that the Santa Barbara-based company’s development deal with a major supplier to Apple’s iPhone and every other mobile handset-maker could become very large, very quickly.
The Tri-Counties may or may not see many rain clouds this year, but farmers around the region will be using cloud computing to manage their irrigation with San Luis Obispo-based Hortau.
Goleta-based Inogen has boosted the amount it plans to raise in its initial public offering to a possible $91.3 million. The pricing is a sign that Inogen and its underwriters — J.P. Morgan, Leerink Partners, William Blair and Stifel — believe there’s strong demand for its shares.
San Luis Obispo-based Mainstream Energy, parent of REC Solar, is selling off its residential solar installation line to focus exclusively on commercial clients and has named its third CEO in as many years.
When 30 cruise ships float into Santa Barbara’s harbor this year, several will have poor-to-failing environmental grades. And all the ships will carry passengers that, on average, spend about a quarter of what day-trippers and overnight tourists do.
If Goleta-based Inogen goes public this year, it will be the first firm in the region to do so under new securities rules that make it easier for small companies to become listed on the major exchanges but also allow them to reveal less information to investors than their larger counterparts.
