Vital Farms Inc, the largest US producer of pasture-raised eggs and butter, has filed Amendment No 2 to Form S-1 Registration Statement on July 29, 2020 with the U.S. Securities and Exchange Commission to raise the proposed IPO price range of $19 to $21, previously the proposed price range was $15 to $17.
The company now plans to raise $156 million by offering 7.8 million shares. At the midpoint of the revised range, the company expects a market cap of $869 million.
The Austin, Texas-based company was founded in 2007 and booked $155 million in sales for the 12 months ended March 31, 2020. The company offers a range of ethically produced pasture-raised foods in US.
It plans to list on the Nasdaq under the symbol “VITL.” Its underwriters include Goldman Sachs, Morgan Stanley and Credit Suisse and Jefferies.
The company engages Cooley LLP as US Securities Counsel, and KPMG LLP as Independent Auditor.
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