In a further sign that the IPO markets are heating up again, City of Industry-based Newegg is taking advantage of the recovering economy and planning to go public.

…it has been profitable every years since it launched in 2001, and has grown rapidly. It had net sales of $2.1 billion in 2008, according to a regulatory filing. Its net income was $15.8 million for the first half of 2009, up 21 percent from $13 million a year earlier.

Newegg is a leading e-commerce source for computers, components, and gadgets in general. According to the company, it plans to spend about a quarter of the capital raised to fund its international operations. Smart move, given the growing realization that companies must look beyond North America for sustainable revenue growth.

via Amazon-For-Nerds Newegg Files For IPO.