Zevia PBC

Zevia PBC (ZVIA) priced its initial public offering on Jul 23, 2021 at $14.00 per share, within its $13.00–$15.00 range, raising $149.8M, and listed on NYSE. At the IPO price its market capitalization was about $903.4M. Goldman Sachs was lead-left underwriter, joined by BofA Securities, Morgan Stanley and BMO Capital Markets and others. Gibson Dunn advised the company and Latham & Watkins advised the underwriters.

Zevia PBC is a beverage company making zero calorie, zero sugar, naturally sweetened drinks verified by the Non-GMO Project. Its range includes soda, energy drinks, organic tea, mixers, kids drinks and sparkling water, sold across the U.S. and Canada through retailers.

Status

IPO

Ticker

ZVIA

Exchange

NYSE

Priced

Jul 23, 2021

IPO price

$14.00

Price range

$13.00–$15.00

Raised

$149.8M

Market cap at IPO price

$903.4M

First filed

Jun 25, 2021

Underwriters

Goldman Sachs, BofA Securities, Morgan Stanley, BMO Capital Markets, Wells Fargo, Telsey, Loop Capital, Academy Securities and Ramirez & Co.

Company counsel

Gibson Dunn

Underwriters' counsel

Latham & Watkins

Sector

Consumer

Country / state

CA

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