YogaWorks seeks to raise $75 million via initial public offering

YogaWorks Inc. filed documents with the Securities and Exchange Commission to raise $75 million via an initial public offering, according to a regulatory disclosure Friday. The yoga-studio chain operator posted a loss of $9.5 million on revenue of $55.1 million in 2016. The underwriters for the deal are Cowen, Stephens Inc., Guggenheim Securities and Roth Capital Partners. YogaWorks plans to list on the Nasdaq under the ticker YOGA.

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Synnex shares fall as earnings outlook misses Street view

Synnex Corp. shares fell in the extended session Thursday after the business process services company’s earnings outlook fell short of Wall Street estimates. Synnex shares fell 8% after hours, following a 3.5% gain to close at $118.40 in the regular session. For the second fiscal quarter, Synnex estimates adjusted earnings of $2.25 to $2.35 a share on revenue of $4.58 billion to $4.78 billion. Analysts expect earnings of $2.41 a share on revenue of $4.75 billion. The company reported fiscal first-quarter net income of $24.4 million, or 61 cents a share, compared with $61.8 million, or $1.54 a share, in the year-ago period. Adjusted earnings were $2.14 a share. Revenue rose to $4.55 billion from $3.52 billion in the year-ago period. Analysts surveyed by FactSet had estimated $2.11 a share on revenue of $4.47 billion.

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