The Vita Coco Company Announces Pricing of Initial Public Offering
21 Octobre 2021 - 5:15AM
Business Wire
The Vita Coco Company, Inc. (NASDAQ:COCO), a leading platform of
high-growth better-for-you brands formerly known as All Market
Inc., today announced the pricing of its initial public offering of
11,500,000 shares of common stock, of which 2,500,000 are being
offered by The Vita Coco Company and 9,000,000 are being offered by
certain selling stockholders at a price to the public of $15.00 per
share. The selling stockholders have also granted the underwriters
a 30-day option to purchase up to an additional 1,725,000 shares of
common stock at the initial public offering price, less
underwriting discounts and commissions.
The shares are expected to begin trading on Nasdaq Global Select
Market on Thursday, October 21, 2021 under the ticker symbol
“COCO.” The initial public offering is expected to close on October
25, 2021, subject to the satisfaction of customary closing
conditions.
Goldman Sachs & Co. LLC, BofA Securities, Credit Suisse and
Evercore ISI are acting as lead book-running managers for the
offering. Wells Fargo Securities, Guggenheim Securities, Piper
Sandler and William Blair are acting as joint book-running
managers.
The offering will be made only by means of a prospectus. Copies
of the final prospectus relating to the offering, when available,
may be obtained from Goldman Sachs & Co. LLC, Attn: Prospectus
Department, 200 West Street, New York, New York 10282, by telephone
at 866-471-2526 or by email at prospectus-ny@ny.email.gs.com; BofA
Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North
College Street, 3rd floor, Charlotte, NC 28255-0001 or by email at
dg.prospectus_request@bofa.com; Credit Suisse Securities (USA) LLC,
Attn: Prospectus Department, 6933 Louis Stephens Drive,
Morrisville, NC 27560, by telephone at (800)-221-1037 or by email
at usa.prospectus@credit-suisse.com; or from Evercore Group L.L.C.,
Attn: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New
York, NY 10055, by telephone at (888) 474-0200, or by email at
ecm.prospectus@evercore.com.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
October 20, 2021. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
ABOUT THE VITA COCO COMPANY
The Vita Coco Company was co-founded in 2004 by co-CEO Michael
Kirban and Ira Liran. Pioneers in the functional beverage category,
The Vita Coco Company’s brands include the leading coconut water,
Vita Coco; clean energy drink Runa; sustainable enhanced water,
Ever & Ever; and protein-infused water, PWR LIFT. With its
ability to harness the power of people and plants, and balance
purpose and profit, The Vita Coco Company has created a modern
beverage platform built for current and future generations.
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version on businesswire.com: https://www.businesswire.com/news/home/20211020006181/en/
Media: Stephanie Knight 248-688-7178
sknight@soleburytrout.com
Investor: John Mills Managing Partner 646-277-1254
John.Mills@icrinc.com
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