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After more than a year with no initial public offering in Austin, the local business scene is having its second in less than a week, according to a report in the Austin Business Journal.

BigCommerce plans to begin trading on the Nasdaq today, Aug. 5, under the ticker "BIGC," the report says:

"The Austin-based company is offering more than 9 million shares of common stock at $24 apiece, according to an Aug. 4 announcement, which would generate more than $216 million."

On Friday, the Austin company Vital Farms went public and is now valued at over $1.5B, according to the report.

"Prior to that, the last Central Texas company to IPO was Yeti Coolers in late October 2018," the report says.

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The California exodus has made headlines for several years now, and even more recently, with thousands of West Coasters seeking tax relief, less-expensive real estate and a simpler lifestyle in Texas' capital city.

However, a California man's scathing review of Austin, which was published in Business Insider on Wednesday, reveals that some are less than satisfied with their move.

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Ingredients:

  • 1 1/2 oz or 50 mL Tito's Handmade Vodka
  • 4 oz or 120 mL tonic water
Directions:

Just add Tito's Handmade Vodka and tonic water to a glass with ice. Enjoy!

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A handful of lawsuits accusing InfoWars conspiracy theorist Alex Jones of defamation against Sandy Hook victims will be allowed to move forward, despite Jones's attempts to squash them, The Texas Supreme Court ruled Friday.

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