Levi’s: Denim is back: Levi Strauss IPO is getting investor ‘Likes’

By Drew Singer The Levi Strauss & Co initial public offering has got a warm reception from investors, who are being advised to place their orders above the publicly disclosed offering range, according to a person familiar with the matter. The jeans maker is offering shares at $14-16 each in an IPO that’s expected to price on Wednesday after the market closes. Raising up to $675 million, it could become the year’s largest US listing to date. A total of 36.67 million shares are being offered, with the company offering…

Embassy Office Parks REIT IPO: Embassy Office Parks REIT IPO subscribed 47% on Day 2

The initial public offering (IPO) by Embassy Office Parks REIT got subscribed by 47 per cent on the second day of the b idding on Tuesday. The offer received bids for 3,31,90,000 units against the total issue size of 7,12,56,400 units, as per data available with the NSE. The category reserved for institutional investors was subscribed 59 per cent and other investors 32 per cent, according to the exchange data till around 5 pm (IST). As per a regulatory filing on Friday, Embassy Office Parks allocated 58,105,600 units to anchor…

Embassy Office Parks REIT: Embassy Office Parks REIT IPO subscribed 20% on Day 1

The initial public offering (IPO) by Embassy Office Parks REIT got subscribed 20 per cent on the first day of the offer on Monday. The public offer received bids for 1,39,30,400 shares till 5 pm as against the total issue size of 7,12,56,400 shares offered by the company. Embassy Office Parks, a joint venture between Blackstone and Embassy, has so far raised Rs 2,619 crore from anchor and strategic investors for its REIT, which is 55 per cent of the total issue size of Rs 4,750 crore. “After a long…

Lyft Sets Price Range of $62-$68 a Share for IPO

Ride-hailing company Lyft confirmed Monday it plans to sell 30.8 million Class A shares in its initial public offering at an expected price of $62 to $68 a share. The IPO would value Lyft at between $21 billion and $23 billion, The Wall Street Journal reported on Sunday. Lyft will list on the Nasdaq under ticker symbol “LYFT.” Lyft beat competitor Uber in making it to public markets. The low end of the valuation range would already make a Lyft IPO one of the largest U.S.-listed new tech offerings since Alibaba Group Holding  (BABA)  debuted…

Lyft seeks to raise $2.40 billion via IPO

Lyft said Monday it would seek to raise as much as $2.4 billion in its public share offering, in the first major listing in the fast-growing ride-hailing sector. The San Francisco startup could be valued at more than $20 billion under the terms of the initial public offering unveiled Monday, setting a price per share of between $62 and $68. Lyft’s launch is the first of what is expected to be a wave of IPOs from venture-backed startups worth more than $1 billion, known in Silicon Valley as “unicorns.” Lyft’s…