Zevia PBC Seeks $200 Million U.S. IPO Jul. 19, 2021 3:30 PM ET $ZVIA
Summary Zevia PBC (Public Benefit Corporation) has filed proposed terms for a $200 million IPO. The firm sells canned beverages sweetened by the stevia plant extract to consumers in the U.S. and Canada.
ZVIA has grown quickly, reached operating breakeven and is well-positioned in a growing market from younger demographics, so the IPO is worth consideration.
Quick Take Zevia PBC (ZVIA) has filed to raise $200 million in an IPO of its Class A common stock, according to an S-1/A registration statement.
The firm sells zero sugar, zero calorie beverages sweetened by the plant-based stevia extract.
ZVIA is growing quickly, at operating breakeven, and is well-positioned in a growing market sector that appeals to younger demographics, so the IPO is worth a look.
Company Encino, California-based Zevia was founded to design and market consumer beverages that have no sugar and are naturally sweetened by the stevia plant.
Management is headed by Chairman and CEO Paddy Spence, who has been with the firm since 2010 and was previously president of Levlad, a personal care products maker. [...]
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