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Karat Packaging Inc. Announces Pricing of $63.2 Million Initial Public Offering
Karat Packaging Inc.April 15, 2021 GMT
CHINO, Calif., April 14, 2021 (GLOBE NEWSWIRE) Karat Packaging Inc. (“Karat Packaging” or the “Company”), a specialty distributor and manufacturer of environmentally-friendly disposable foodservice products and related items, today announced the pricing of its initial public offering of 3,950,000 shares of its common stock at a price to the public of $16.00 per share. The Company has also granted the underwriters a 30-day option to purchase up to an additional 592,500 shares of common stock, on the same terms and conditions, to cover over-allotments, if any.
TuSimple Prices IPO
WASHINGTON (dpa-AFX) - TuSimple Holdings Inc. priced its initial public offering of 33,783,783 shares of its class A common stock at a price to the public of $40.00 per share, with 27,027,027 shares being offered by TuSimple and 6,756,756 shares being offered by a selling stockholder, for gross proceeds to TuSimple of $1.08 billion.
TuSimple s expects its class A common stock to begin trading on the Nasdaq Global Select Market on April 15, 2021 under the ticker symbol, TSP. The offering is expected to close on April 19, 2021.
Copyright RTT News/dpa-AFX
By Reuters Staff
2 Min Read
FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo
(Reuters) - Mobile app and gaming company AppLovin Corp said on Thursday it priced its initial public offering at $80 per share, the mid-point of its previously set range, placing the company’s valuation at $28.64 billion.
At this price, AppLovin, backed by private equity giant KKR & Co Inc, will raise $2 billion through the IPO.
The Palo Alto, California-based company is the latest player in the mobile gaming industry to list itself on the stock market, as demand for video games surges among consumers staying at home during the COVID-19 pandemic.
AppLovin gaming app goes public, valued at $28.6 billion PUBLISHED BY 10 hours ago
AppLovin Corp, the Palo Alto, California-based mobile app and gaming company, has priced its initial public offering at $80, which puts the company’s valuation at $28.64 billion.
The $80 offer a share is the midpoint of its previously set range of $75-$85. The private equity backs the company gains KKR&Co Inc and will raise $2 billion through the IPO. The company sold 22.5 million Class A common shares, selling stockholders offered the remaining 2.5 million shares. It is keeping a stake worth $8.6bn. KKR will also retain 67.4 percent of the company’s voting power.
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