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Olaplex ups IPO price, hopes to raise almost $1.5B

By   /  Tuesday, September 28th, 2021  /  Banking & Finance, Latest news, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Olaplex ups IPO price, hopes to raise almost $1.5B

The Montecito-based hair care products company Olaplex upped the projected share price of its planned initial public offering on Sept. 28 and now expects to raise as much as $1.46 billion. Olaplex now plans to price its upcoming IPO at $17 to $19, it said in a filing with the U.S. Securities and Exchange Commission, Read More →

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Latest

Procore makes its biggest acquisition yet

By   /  Thursday, September 23rd, 2021  /  Banking & Finance, Latest news, right, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Procore makes its biggest acquisition yet

Carpinteria-based Procore Technologies moved up from No. 880 last year to No. 697 this year. (Nik Blaskovich)

Procore Technologies announced its first acquisition since going public in May, and it’s the largest one in company history. The Carpinteria-based construction software company said on Sept. 22 that it is purchasing Levelset, a New Orleans-based construction software company, for $500 million: $425 million in cash and $75 million in the form of Procore common Read More →

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Latest

Amgen wins patent case

By   /  Tuesday, September 21st, 2021  /  Banking & Finance, Biotech, East Ventura County, Latest news, Law, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen wins patent case

Thousand Oaks-based Amgen had a big win in court on Sept. 20, as a federal court in New Jersey upheld multiple Amgen patents for its psoriasis treatment, Otezla. Amgen filed a patent infringement lawsuit earlier this year against two companies, Sandoz and Zydus Pharmaceuticals, claiming that their generic versions of Otezla infringed upon at least Read More →

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Latest

Olaplex IPO will raise around $1B, company says

By   /  Monday, September 20th, 2021  /  Banking & Finance, Latest news, middle, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Olaplex IPO will raise around $1B, company says

Olaplex, a hair care products company founded in Santa Barbara, expects to price its initial public offering of common stock between $14 and $16 per share, the company announced Sept. 20. The company said it is offering 67 million shares, so at the midpoint of its anticipated price range, the shares would sell for around Read More →

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Latest

Cannabis company closes purchase of former Houweling’s Tomatoes greenhouses

By   /  Wednesday, September 15th, 2021  /  Agribusiness, Banking & Finance, Latest news, right, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Cannabis company closes purchase of former Houweling’s Tomatoes greenhouses

Glass House Brands, a publicly traded cannabis company, has closed its purchase of the former Houweling’s Tomatoes property near Camarillo. The 160-acre property has six greenhouses that total 5.5 million square feet. Glass House bought it for $93 million in cash, plus stock considerations, the company said in a Sept. 15 news release. The closing Read More →

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Latest

Revenue down but earnings up at Limoneira

By   /  Tuesday, September 14th, 2021  /  Agribusiness, Banking & Finance, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Revenue down but earnings up at Limoneira

Limoneira delivered a small earnings beat when the company announced its fiscal results for the third quarter of 2021. Limoneira had released preliminary results Aug. 24 highlighting strong fresh lemon utilization, which helped offset a smaller-than-expected avocado output. According to the audited results, released Sept. 8, Limoneira generated $49.1 million in revenue in the third Read More →

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Latest

Mission Produce drops 10% after missing earnings estimates

By   /  Tuesday, September 14th, 2021  /  Agribusiness, Banking & Finance, Earnings, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Mission Produce drops 10% after missing earnings estimates

Shares of Mission Produce fell nearly 10% on Sept. 14, the day after the Oxnard-based avocado distributor and grower shared a flat third quarter 2021 financial report that fell below analysts’ expectations. For the quarter ended June 30, Mission Produce generated ​​$247 million in revenue, a 4% increase from the same period a year ago. Read More →

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