Zevia prices IPO at midpoint of offering range
10:31 AM EDT, 07/22/2021 (MT Newswires) --
Zevia PBC said early Thursday it has priced its initial public offering of 10.7 million class A common shares at $14 each, the midpoint of its expected price range of $13 to $15 per share.
The shares are expected to commence trading Thursday on the New York Stock Exchange under the ticker symbol ZVIA.
Underwriters were granted an option to purchase up to 1.605 million more shares in the IPO, which is set to close by Monday.
The stevia-sweetened beverage brand initially planned to sell 14.3 million class A shares in the offering.
Price: 14.00, Change: 0.00, Percent Change: 0.00
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