IPO - Profile

The Vita Coco Company, Inc.

Consumer Non-Durables > Beverages (Production/Distribution)

COCO

Summary

Offer Price Offer Size 3-Year Outlook Volatility First Day Turnover
$15.00 11,500,000 Positive High 84.04%

Offering Team

  • Legal counsel
  • Latham & Watkins LLP
  • Auditors
  • Deloitte & Touche LLP

Deal Highlights

The Vita Coco Company is a leading fast-growing, plant-based functional hydration platform, which pioneered packaged coconut water in 2004, and recently began extending into other healthy hydration categories. We are on a mission to reimagine what is possible when brands deliver great tasting, natural, and nutritious products that are better for consumers and better for the world. At the Vita Coco Company, we strongly believe that we have a nearly two-decade head start on building a modern, healthy beverage company providing products that consumers demand. We observed early on the shift toward healthier and more functional beverage and food products led by the next generation of consumers. As a result, we believe our platform is tethered to the future and not anchored to the past. Our portfolio is led by Vita Coco, which is the leader in the global coconut water category with additional coconut oil and coconut milk offerings, and includes Runa, a leading plant-based energy drink inspired from a plant native to Ecuador, Ever & Ever, a sustainably packaged water, and the recently launched PWR LIFT, a flavored protein-infused water. Since our inception, we have been boldly re-defining healthy hydration to truly be good for your body rather than “less bad for you” as defined by the old guards of the beverage industry. We have embraced the power of plants from around the globe by turning them into conveniently packaged beverages that our consumers can enjoy across need-states and beverage occasions throughout the day—as a replacement to orange juice in the morning, as a natural sports drink invented by Mother Nature, as a refreshing alternative to both regular or plant-based milk in a smoothie, or simply on its own as a great-tasting functional hydrator.

Deal Tracker

IPO Dates

Filing 15 Oct, 2021

Offer 21 Oct, 2021

Look Ahead

Lock Up Expiry Apr 21, 2022

IPO Terms

Offer Price $15.00
Offer Size 11M

Market Sentiments

Stock Price