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Coconut Water Brand THE VITA COCO COMPANY Files for $100 Million US IPO

Esther Thin

The Vita Coco Company, a coconut water brand, has filed Form S-1 Registration Statement on September 27, 2021 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce.

The 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. They 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.

The New York, New York-based company was founded in 2004 and booked $334 million in sales for the 12 months ended June 30, 2021. It plans to list on the Nasdaq Global Select Market under the symbol “COCO.” Goldman Sachs, BofA Securities, Credit Suisse, Evercore ISI, Wells Fargo Securities, Guggenheim Securities, Piper Sandler, and William Blair are underwriters of the IPO.

The company engages Latham & Watkins LLP as US Securities Counsel, and Deloitte & Touche LLP as Independent Auditor.

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