Stories by Dan Primack

Levi Strauss IPO set to test waters for tech unicorns

Illustration of the Wall Street bull made out of denim with a small Levi's tag showing.
Illustration: Aïda Amer/Axios

Levi Strauss is expected to price its IPO on Wednesday night, kicking off what should be a banner year for mega-listings.

Buzz: Reports are that the denim giant has strong investor interest that could push above its $14–$16 indicative range, the top end of which would raise around $586 million at an initial market cap of nearly $6.2 billion.

British satellite company Inmarsat gets private equity buyout

In this illustration, a satellite points white beams into the sky.
Illustration: Sarah Grillo/Axios

Inmarsat, a British satellite company, said it received a non-binding $3.3 billion takeover offer from a private equity consortium that includes Apax Partners, Warburg Pincus and the Canada Pension Plan Investment Board.

Why it matters: This is yet another big-money example of buyout firms returning to a familiar well, as Apax had helped buy Inmarsat in 2003 before later taking it public. It also comes about a year after Inmarsat turned down a $3.2 billion takeover bid from Echostar.

Dating app Bumble in talks for first round of VC funding

Bumble
Photo: Jaap Arriens/NurPhoto via Getty Images

Bumble, the female-first dating app, is in talks to raise what would be its first round of traditional VC funding, Axios has learned from multiple sources.

Details: One potential investor is said to be Accel Growth. Bumble is controlled by a Russian company called Badoo, which we're told originally sought the funding before VCs expressed more interest in Bumble specifically. No comment from Bumble or Accel.

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