950,000 shares sold at $19.00 each through Credit Suisse, J.P. Morgan
By Devika Patel
Knoxville, Tenn., March 28 - Annie's, Inc. said it priced its $18.05 million initial public offering of stock. It expects the shares to trade on the New York Stock Exchange under the symbol "BNNY."
The company will sell 950,000 common shares at $19.00 per share.
Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are the joint bookrunning managers, and William Blair & Co, LLC, RBC Capital Markets, LLC, Stifel, Nicolaus & Co., Inc. and Canaccord Genuity Inc. are co-managers.
Proceeds will be used to pay $1.3 million in connection with terminating the company's advisory services agreement and to repay debt under its credit facility.
The organic and natural food producer is based in Berkeley, Calif.
| Issuer: | Annie's, Inc.
|
| Issue: | Common stock
|
| Amount: | $18.05 million
|
| Shares: | 950,000
|
| Price: | $19.00
|
| Warrants: | No
|
| Bookrunners: | Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC
|
| Co-managers: | William Blair & Co, LLC, RBC Capital Markets, LLC, Stifel, Nicolaus & Co., Inc. and Canaccord Genuity Inc.
|
| Pricing date: | March 28
|
| Stock exchange: | NYSE: BNNY
|
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