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FIGS Surges In IPO Debut - socaltech.com

socaltech.com
Los Angeles-based
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. ....

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ChowNow Names CTO - socaltech.com

socaltech.com
Chownow says it has named a new Chief Technology Officer. According to the company,
Bharath Chinamanthur has joined the company as CTO from Blink Health, where he was EVP of Product, Engineering, and Operations. Chinamanthur also previously served at Charles Schwab as an SVP, and also served at Amazon. As part of his role, Chinamanthur said he plans to grow ChowNow s team. ChowNow provides restaurants with software, allowing them to manage pick up and delivery, as well as providing marketing tools. The company is backed by Daher Capital, Double M Partners, Karlin Ventures, Steadfast Venture Capital, Upfront Ventures, and Velos Partners. ....

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Bridg Acquired By Cardlytics For $350M

Bridg Acquired By Cardlytics For $350M
socaltech.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from socaltech.com Daily Mail and Mail on Sunday newspapers.

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