Vita Coco Company, Inc.

Vita Coco Company, Inc. (COCO) priced its initial public offering on Oct 22, 2021 at $15.00 per share, below its $18.00–$21.00 range, raising $172.5M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $832.4M. Goldman Sachs was lead-left underwriter, joined by BofA Securities, Credit Suisse and Evercore ISI and others. Latham & Watkins advised the company and Weil, Gotshal & Manges advised the underwriters.

The Vita Coco Company, Inc. is a plant-based functional hydration company that pioneered packaged coconut water in 2004 and has since extended into other healthy hydration categories. It sources coconut water from producers in Brazil and other parts of the world.

Status

IPO

Ticker

COCO

Exchange

Nasdaq Global Select

Priced

Oct 22, 2021

IPO price

$15.00

Price range

$18.00–$21.00

Raised

$172.5M

Market cap at IPO price

$832.4M

First filed

Sep 27, 2021

Underwriters

Goldman Sachs, BofA Securities, Credit Suisse, Evercore ISI, Wells Fargo, Guggenheim, Piper Sandler and William Blair

Company counsel

Latham & Watkins

Underwriters' counsel

Weil, Gotshal & Manges

Sector

Consumer

Country / state

NY

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