Vital Farms, Inc.

Vital Farms, Inc. (VITL) priced its initial public offering on Jul 31, 2020 at $22.00 per share, above its $19.00–$21.00 range, raising $204.7M, and listed on Nasdaq. At the IPO price its market capitalization was about $861.9M. Goldman Sachs was lead-left underwriter, joined by Morgan Stanley, Credit Suisse and Jefferies and others. Cooley advised the company and Latham & Watkins advised the underwriters.

Vital Farms, Inc. is a food company that brings pasture-raised eggs and butter from its network of small family farms to a national U.S. audience. It says it is the top U.S. brand of pasture-raised eggs and butter and the second largest U.S. egg brand by retail dollar sales.

Status

IPO

Ticker

VITL

Exchange

Nasdaq

Priced

Jul 31, 2020

IPO price

$22.00

Price range

$19.00–$21.00

Raised

$204.7M

Market cap at IPO price

$861.9M

First filed

Jul 9, 2020

Underwriters

Goldman Sachs, Morgan Stanley, Credit Suisse, Jefferies, BMO Capital Markets and Stifel

Company counsel

Cooley

Underwriters' counsel

Latham & Watkins

Sector

Consumer

Country / state

TX

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