Zevia PBC (ZVIA) IPO Opens 11% Lower

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Zevia Announces Pricing of Initial Public Offering

July 22, 2021 7:33 AM EDT

LOS ANGELES--(BUSINESS WIRE)-- Zevia PBC (NYSE: ZVIA) today announced the pricing of its initial public offering of 10,700,000 shares of its Class A common stock at a public offering price of $14.00 per share. The shares are expected to begin trading on the New York Stock Exchange on July 22, 2021 under the ticker symbol ZVIA.

In addition, Zevia has granted the underwriters a 30-day option to purchase up to an additional 1,605,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions. The offering is expected to... More