Despite hordes of competition, Newegg has emerged as a major player in online electronics retailing. Founded in 2001, the company is now doing more than $2 billion per year in sales, and according to Reuters, now plans to raise $175 million in an upcoming IPO.
The site is well-known as a destination for those that like to build their own computers, but also competes as a pure play retailer, selling big screen tvs, digital cameras, and gaming systems, amongst other wares.