Procore discloses projected share price for $600 million-plus IPO
Carpinteria-based Procore Technologies plans to price its initial public offering between $60 and $65 per share, which would raise more than $600 million and give it a market capitalization of around $8 billion. Procore, a cloud software company for the construction industry, filed an amended S-1 statement on May 10 with the U.S. Securities and Read More →
Opinion: California’s road to decarbonization
By David Lea, Kyle Meng, Olivier Deschenes, Ranjit Deshmukh and Paige Weber The world is jointly confronting two pressing issues: climate change and rising inequality. These problems are also intricately linked. The imperative to address climate change is overlaid on a world that is deeply unequal, which is likely to worsen under climate change. Yet, Read More →
Office workers prepare to leave the home front
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Montecito Bank & Trust tops $2B in assets
Montecito Bank & Trust’s assets grew by almost half a billion dollars in the past year, with strong deposit and loan growth, the bank said in its May 6 first-quarter earnings release. The Santa Barbara-based bank is the largest financial institution based in the tri-county region. Its assets topped $2 billion at the end of Read More →
MIT to drop affiliation with Central Coast Enterprise Forum
The Massachusetts Institute of Technology Enterprise Forum Global will be closing its program effective June 30 and is asking all of its affiliated chapters, including the Central Coast chapter, to discontinue all association with the brand. The news came in an April 30 email to Enterprise Forum chapters from the CEO of MIT Technology Review, Read More →
Inogen reports big drop in losses in Q1
Inogen, a medical device company specializing in portable oxygen concentrators, saw a slight dip in revenue in the first quarter of 2021, but shrinking losses and continued growth in its new focus area of device rentals. The Goleta company reported its first quarter earnings after the markets closed May 4, and highlighted revenue for the Read More →
Community West earnings nearly double in first quarter
Community West Bancshares saw its net income rise by almost 90% year-over-year as it decreased its provision for loan losses and increases its dividends. The Goleta-based parent company of Community West Bank released its first quarter earnings on May 3, including $3 million in net income for the quarter, or 35 cents per diluted share. Read More →
