LEGH News

This past week the 2018 IPO market came to a close, as three IPOs and three SPACs raised a combined $1.6 billion. The three IPOs all had weak trading. Tencent Music Entertainment (TME) was the week's big deal, raising $1.1 billion, the year's fourth billion-dollar US IPO from a Chinese company. Spun out of Tencent, the music streaming provider has top...read more

Legacy Housing, which builds, sells, and finances manufactured homes, raised $48 million by offering an upsized 4 million shares at $12, within the $10.75 to $12.75 range. The company initially filed to raise $41 million by offering 3.5 million shares at the same range. At pricing, the company will command a market cap of $288 million. Legacy Housing plans to list on the Nasdaq...read more

There are three IPOs and two SPACs expected to price this week, the most notable of which is Tencent Music, China's largest online music-streaming service. Tencent's long-anticipated IPO is the latest in a long...read more

Legacy Housing, which builds, sells, and finances manufactured homes, announced terms for its IPO on Friday. The Bedford, TX-based company plans to raise $41 million by offering 3.5 million shares at a price range of $10.75 to $12.75. At the midpoint of the proposed range, Legacy Housing would command a fully diluted market value of $276 million and an enterprise value of $300...read more