WhiteWave Foods (WWAV) IPO Opens Higher

October 26, 2012 9:42 AM EDT
The IPO for The WhiteWave Foods Company (NYSE: WWAV) opened and is trading at $18.10 after pricing 23,000,000 shares of its Class A common stock at a price of $17.00 per share.

Following the offering, Dean Foods Company (NYSE: DF) will continue to own approximately 86.7% of the economic interest in WhiteWave’s capital stock and approximately 98.5% of the voting power, or approximately 85.0% and 98.3%, respectively, if the underwriters exercise their option to purchase additional shares in full.

J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC and BofA Merrill Lynch are acting as joint book-running managers for the offering.

WhiteWave Foods Company is a consumer packaged food and beverage company with leading brands in plant-based foods and beverages, coffee creamers and beverages and premium dairy products.

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