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.
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.
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