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Short Take: Cyberian Outpost files for IPO

Internet retailer Cyberian Outpost has filed for an initial public offering that could raise more than $63 million, Bloomberg reported. According to Securities and Exchange Commission filings, the Kent, Connecticut-based company generated revenue of $22.7 million for the fiscal year ending February 28, up from $10.8 for the previous year. Cyberian Outpost has run up $8.8 million in losses so far, according to the SEC filing, which did not provide the number, price, or percentage of its common shares for sale.

Internet retailer Cyberian Outpost has filed for an initial public offering that could raise more than $63 million, Bloomberg reported. According to Securities and Exchange Commission filings, the Kent, Connecticut-based company generated revenue of $22.7 million for the fiscal year ending February 28, up from $10.8 for the previous year. Cyberian Outpost has run up $8.8 million in losses so far, according to the SEC filing, which did not provide the number, price, or percentage of its common shares for sale.