ICX Electronics Planning $12.7-Million IPO

ICX Electronics Inc., a San Clemente-based operator of an international exchange for electronic components, is seeking to raise $12.7 million in an initial public stock offering, according to a regulatory document filed Tuesday.

The company did not list the number of shares or price per share in the offering.

ICX, which was founded in 1999, posted an operating loss of $1.6 million for the fiscal nine months ended Dec. 31 on sales of $5.4 million, according to the document filed with the Securities and Exchange Commission.

The company said it plans to list the shares on the American Stock Exchange under the symbol ICX. Westpark Capital Inc. is the lead underwriter.