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AppFolio, MindBody must become profitable

By   /  Friday, January 1st, 2016  /  Central Coast, Columns, Latest news, South Coast, Technology  /  Comments Off on AppFolio, MindBody must become profitable

AppFolio and MindBody went through growing pains in 2015, spending more money than they earned. Now, 2016 needs to be the year of profitability. On one hand, AppFolio and MindBody successfully transitioned from promising young startups into growing young companies in 2015. As we head into 2016, though, both companies have yet to answer how Read More →

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Appfolio doing well even as it loses more money

By   /  Friday, August 14th, 2015  /  Earnings, Latest news, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Appfolio doing well even as it loses more money

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Appfolio has successful IPO; stock closes Monday at $13.70

By   /  Friday, June 26th, 2015  /  Latest news, South Coast, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Appfolio has successful IPO; stock closes Monday at $13.70

Goleta-based Appfolio, which makes property management software for small- to medium-sized real estate managers, held its initial public offering Friday and the stock ended that day up 17.3 percent at $14.08. Appfolio stock dropped slightly on Monday, closing down 2.70 percent at $13.70. Appfolio offered 6.2 million shares of Class A common stock for $12 Read More →

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Reality sets in for San Luis Obispo’s MindBody

By   /  Monday, June 22nd, 2015  /  Banking & Finance, Central Coast, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Reality sets in for San Luis Obispo’s MindBody

For San Luis Obispo’s MindBody, reality has set in. The party is over. After early excitement about its initial public offering Friday, reality set in when shares plummeted about 17.4 percent by the end of the day. MindBody shares were rebounding slightly Monday morning. MindBody raised $101 million by selling 7.2 million shares at $14 Read More →

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San Luis Obispo’s Mindbody expects $15 per share in IPO

By   /  Wednesday, June 10th, 2015  /  Central Coast, Latest news, Technology, Top 25 lists, Tri-County Public Companies  /  Comments Off on San Luis Obispo’s Mindbody expects $15 per share in IPO

MindBody, the San Luis Obispo-based software company poised to go public, told regulators June 8 that it expects to raise as much as $123 million in a 7.15 million share offering that could be priced as high as $15 per share. MindBody said in a revised Securities and Exchange Commission filing that it anticipates a Read More →

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Mindbody targets global expansion with IPO

By   /  Monday, May 11th, 2015  /  Banking & Finance, Central Coast, Latest news, Technology, Top 25 lists, Top Stories, Tri-County Public Companies  /  Comments Off on Mindbody targets global expansion with IPO

In a deal that’s been heralded as the first non-bank stock offering in decades for a company based in San Luis Obispo, Mindbody filed its offering statement with the Securities and Exchange Commission on May 11.

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Santa Barbara stock promoter charged with fraud

By   /  Tuesday, December 23rd, 2014  /  Banking & Finance, Latest news, Law, Personal Finance, South Coast, Top Stories  /  Comments Off on Santa Barbara stock promoter charged with fraud

The SEC alleges that instead of purchasing the shares in the secondary market as promised, Efstratios “Elias” Argyropoulos and his firm Prima Capital Group misappropriated investor funds.

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