Bellring Brands, Inc.

Bellring Brands, Inc. (BRBR) priced its initial public offering on Oct 17, 2019 at $14.00 per share, below its $16.00–$19.00 range, raising $480M, and listed on NYSE. At the IPO price its market capitalization was about $480M. Morgan Stanley was lead-left underwriter, joined by Citigroup, J.P. Morgan and Goldman Sachs and others. Lewis Rice advised the company and Latham & Watkins advised the underwriters.

BellRing Brands, Inc. sells convenient nutrition products under the Premier Protein, Dymatize and PowerBar brands. Its products include ready-to-drink protein shakes, powders and nutrition bars, aimed at consumers from mainstream health-conscious shoppers to fitness enthusiasts and athletes, and it is controlled by Post Holdings.

Status

IPO

Ticker

BRBR

Exchange

NYSE

Priced

Oct 17, 2019

IPO price

$14.00

Price range

$16.00–$19.00

Raised

$480M

Market cap at IPO price

$480M

First filed

Sep 20, 2019

Underwriters

Morgan Stanley, Citigroup, J.P. Morgan, Goldman Sachs, Barclays, BMO Capital Markets, Credit Suisse, Evercore ISI, Stifel, Wells Fargo, HSBC and Nomura

Company counsel

Lewis Rice

Underwriters' counsel

Latham & Watkins

Sector

Consumer

Country / state

MO

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.