RealD sells 3-D to Wall Street in planned IPO

http://www.today3d.com/2010/07/reald-sells-3-d-to-wall-street-in.html

RealD Inc. is hoping to raise some real money from Wall Street. The company has been losing money since its founding in 2003 and reported in its filing that it posted a net loss of $39.7 million for the the year ended March 26

 

In a regulatory filing, the Beverly Hills-based 3-D company said it hopes to raise $151 million from a public stock offering as early as next week. RealD plans to offer 10.75 million shares -- 6 million from the company and 4.75 million from current shareholders -- at a price range of $13 to $15. The company said it would use its proceeds to repay a $25-million loan, make acquisitions and invest in new technology.

J.P. Morgan and Piper Jaffray are the lead underwriters in the IPO.