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FIGS, which makes medical scrubs and other apparel, has surged in its IPO debut, pricing on Wednesday night at $22 a share, and ending Thursday up 36% in its debut to 30.02. The IPO raised $1.02 billion for the company, and values the company at more than $4.6 billion. The IPO priced above an earlier estimated IPO price of $16.00 to $19.00 per share. FIGS was started in 2013, raising a seed funding worth only $2M from Crocs, Mohr Davidow Ventures, 500 Startups, Karlin Ventures, and others. The company s Co-CEOs are Heather Hasson and Trina Spear. The company s largest shareholder at IPO was Tulco LLC, with smaller stakes held by Viking Global Opportunities Illiquid Investments Sub-Master LP and the Commonwealth of Pennsylvania, Public School Employees Retirement System.
Palmerton plans 4 1% tax hike – Times News Online tnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tnonline.com Daily Mail and Mail on Sunday newspapers.
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Fox Chapel Area School District residents might pay slightly more in school taxes in 2021-2022 if a proposed $104 million budget is approved in June.
The school board on Monday night voted to move ahead with the tentative budget which calls for a tax rate of 20.12 mills, a 1.3% increase.
If approved, the owner of a home assessed at $100,000 would pay $2,012, up from $1,986 this year.
The budget is available on the district’s website.
The board is scheduled to discuss the budget during its meetings at 7 p.m. June 8 and June 14, and is expected to vote on the final budget on June 14.
Palmerton projects tax increase – Times News Online tnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tnonline.com Daily Mail and Mail on Sunday newspapers.
Pennsylvania State Capital Bureau
Pennsylvania’s Public School Employees’ Retirement System has been embroiled in controversy, and a miscalculation could have thousands of members in the system start to contribute more to their retirement funds in July.
Here s an explanation of what happened and what it means:
What’s PSERS?
PSERS has more than 500,000 members, about half of them teachers, and should not be confused with SERS, which is the State Employees Retirement System that has far fewer retirees.
Currently, PSERS is valued at about $64 billion.
A 15-member board oversees PSERS.
Board members include the state secretaries of banking and securities, and education; the treasurer; an appointee of the governor (currently vacant); five retired or working system members; two school board representatives; two state House members, one from each party; and two state Senate members, one from each party.