FINANCE
Recent and archived news stories on: banks, credit unions, mortgage lenders, SBA lenders, stocks/bonds, venture capital, wealth management, investment banks, factors, money managers, economic news and financial sector news
Hydroponics Company iPower Raises $17 Million in Debut
Hydroponic equipment supplier iPower raised a tepid $16.8 million in its stock market trading debut.
Bird Plans IPO That Values Company at $2.3 Billion
Bird Rides Inc. will become a publicly traded company through a merger with a blank check company run by oil executives seeking a clean energy combination.
Strong IPO Market Still Requires Preparation and Proper Execution
With the IPO market in full swing, it is tempting for private company founders, investors and executives to consider their options and the pathway to a public offering.
Green Dot Plans Move to Texas
Pasadena-based Green Dot Corp. has confirmed that it will move its headquarters to Austin, Texas.
Hydroponics Company iPower Cuts IPO Outlook by 52%
Online hydroponic equipment supplier iPower lowered its IPO to 3 million shares and dropped the price range to $7 to $9.
K1 Investment to Raise $4 Billion for Fifth Fund
The private equity industry is revving up in Los Angeles, but much of the action is taking place behind a financial curtain that can be difficult to draw back.
Gores Completes SPAC Deal Valued at $2.2 Billion
A SPAC backed by billionaire Alec Gores and investment partner Dean Metropoulos will take short-term lodging startup Sonder Holdings Inc. public.
First Choice Bancorp Is Acquired for $400 Million
Cerritos-based First Choice Bancorp has been acquired by Midwestern financial institution Enterprise Financial Services Corp. in a $397.7 million stock deal.
B. Riley's Latest SPAC Raises $150 Million
A new blank check company formed by B. Riley Financial raised $150 million in its market debut.
Health Care Apparel Brand Figs Files for IPO
Figs Inc., a Santa Monica-based health care apparel brand, has filed for an initial public offering.
Green Dot Profit Tumbles 82% in First Quarter
Green Dot Corp. said profit fell 82.1% while revenue rose 9% in the first quarter.
Honest Co. Raises $413 Million With IPO
Jessica Alba’s personal-care brand The Honest Co. Inc. went public on May 5, raising $413 million in its stock market debut.
B. Riley Financial Posts First-Quarter Gains
B. Riley Financial Inc. reported profit of $252.9 million on revenue of $600.2 million in its 2021 first quarter.
iPower to Raise $50 Million for Hydroponics Business
Duarte-based iPower, an online hydroponic equipment supplier that operates largely in the cannabis industry, plans to raise $50 million.
Ares Raises $13.3 Billion for European Fund
Century City-based Ares Management Corp. has closed on its fifth European direct lending fund, raising more than $13.3 billion.
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