InvestmentMay 7, 2026, 12:19 AM
Suja Life Prices IPO at $21.00/Share; Raises $173.6M Net
AI Summary
Suja Life, Inc. announced the pricing of its initial public offering of 8,888,889 shares of Class A common stock at $21.00 per share. The company expects to receive approximately $173.6 million in net proceeds, which will be used to acquire LP units in Suja Life Holdings, L.P. Holdings LP will then use these funds to repay $141.3 million in outstanding borrowings and make $17.5 million in cash payments to certain employees and directors. The shares are anticipated to begin trading on The Nasdaq Global Select Market on May 7, 2026, under the ticker symbol "SUJA".
Key Highlights
- Suja Life priced its initial public offering of 8,888,889 shares of Class A common stock.
- The public offering price is $21.00 per share.
- The company granted underwriters a 30-day option to purchase up to an additional 1,333,333 shares.
- Shares are expected to begin trading on Nasdaq Global Select Market on May 7, 2026, under "SUJA".
- Suja Life expects to receive net proceeds of approximately $173.6 million from the offering.
- Proceeds will be used to acquire LP units in Holdings LP.
- Holdings LP will use proceeds to repay $141.3 million in borrowings and pay $17.5 million to employees/directors.