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 →
Procore makes its biggest acquisition yet
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 →
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 →
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 →
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 →
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 →
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 →
