sanluisobispo---Copy.png
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Business and Economy

MindBody ready to trade publicly, poised for expansion

MindBody.jpg
Jordan Bell, KCBX News
/

One of the Central Coast's largest and fastest-growing companies is set to offer shares to the public in the coming days.

MindBody is a technology company that provides health, wellness and beauty businesses with scheduling software.

Last month they filed paperwork to go public.

Mike Manchak is the president and CEO of the Economic Vitality Corporation. He said San Luis Obispo has seen a resurgence of technology companies since the recession ended, some of which are expanding globally.

He said MindBody's public offering is 'wonderful news' for the community and the company's employees and founders. 

"It provides more capital so that they can grow even more-- create more jobs, create more jobs for the local economy," said Manchak.

The company told employees about the public offering months ago, but instructed them not disclose any further information.

The initial public offering could bring in $100 million or more for the company according to paperwork filed with the Securities and Exchange Commission (SEC) last week.