Taggares Agriculture, which operates farmland in the Pacific Northwest producing grapes and apples, filed on Thursday with the SEC to raise up to $48 million by offering 7 million shares in an initial public offering. It is wholly owned by the Taggares Family. The Kennewick, WA-based company, which was founded in 1979 and booked $8 million in sales for the fiscal year ended November 30, 2013, plans to list on the NASDAQ under the symbol TAG. Taggares Agriculture initially filed confidentially on February 26, 2014. Janney Montgomery Scott and Roth Capital are the joint bookrunners on the deal. No pricing terms were disclosed.
Sabre, which operates the second-largest Global Distribution System for the travel industry, raised $627 million by offering 39.2 million shares at $16, below the range of $18 to $20. The company had originally planned to offer 44.7 million shares. Sabre plans to list on the NASDAQ under the symbol SABR. Morgan Stanley, Goldman Sachs, BofA Merrill Lynch and Deutsche Bank acted as lead managers on the deal.
Leju Holdings, which operates real estate information and e-commerce websites in China, raised $100 million by offering 10.0 million shares at $10, the low end of the $10 to $12 range. Leju Holdings will list on the NYSE under the symbol LEJU. Credit Suisse and J.P. Morgan acted as joint bookrunners on the deal.
Weibo, China's largest microblogging service with 143.8 million MAUs and a spinoff of Sina, raised $286 million by offering 16.8 million ADSs (down from 20 million) at $17, the low end of the $17-$19 range. Weibo raised 21% fewer proceeds than initially expected and now commands a $3.7 billion fully diluted market cap ($3.2 billion EV). Weibo will list on the NASDAQ under the symbol WB. Goldman Sachs (Asia), Credit Suisse, Morgan Stanley and Piper Jaffray acted as lead managers on the deal.