Zevia stock opens more than 10% below IPO price

zevia stock opens more than 10 below ipo price

Sumary of Zevia stock opens more than 10% below IPO price:

  • Zevia PBC ZVIA, -6.36% stumbled out of the gate Thursday, as the California-based zero-calorie beverage company’s stock opened 10.7% below the initial public offering price.
  • The company’s downsized IPO priced at $14 a share, in the middle of the expected range of between $13 and $15 a share, as the company raised $149.8 million, rather than previous expectations of up to $214.5 million.

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