Monday, June 8, 2015

MindBody IPO Targeted For June 19th, As Central Coast Sees Exit Bumper Crop

If all goes well, San Luis Obispo-based Mindbody will be Southern California's newest IPO on June 19th, according to documents being circulated to potential investors in the startup's IPO. According to those investor materials, Mindbody is expected to price on Thursday, June 18th, and would debut if all goes well on the market as MB on Friday, June 19th. The company would at least the second, high profile exit along the Central Coast in the last year, the last being the $1.5 billion acquisition of Carpinteria-based Lynda.com in April. Mindbody has applied to list under the symbol MB on the NASDAQ Global Market. It appears to be a bumper crop for the Central Coast's technology industry, which has yet another technology company--Appfolio--which also recently filed for its own IPO.