Sovos Brands, Inc.

Sovos Brands, Inc. (SOVO) priced its initial public offering on Sep 24, 2021 at $12.00 per share. At the IPO price its market capitalization was about $1.17B. J.P. Morgan was lead-left underwriter, joined by Goldman Sachs, BofA Securities and Credit Suisse and others. Weil, Gotshal & Manges advised the company and Latham & Watkins advised the underwriters.

Sovos Brands, Inc. is a food company in the United States focused on acquiring and building growth brands. It aims to bring consumers great-tasting food that fits their needs, and describes itself as the fastest growing food company of scale in the country.

Status

IPO

Ticker

SOVO

Priced

Sep 24, 2021

IPO price

$12.00

Market cap at IPO price

$1.17B

First filed

Aug 27, 2021

Underwriters

J.P. Morgan, Goldman Sachs, BofA Securities, Credit Suisse, Barclays, UBS, TD Cowen, Piper Sandler, Stifel, William Blair, Telsey and Drexel Hamilton

Company counsel

Weil, Gotshal & Manges

Underwriters' counsel

Latham & Watkins

Sector

Consumer

Country / state

CO

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