The Vita Coco Company’s $173 Million Initial Public Offering

Latham & Watkins represented The Vita Coco Company, Inc. in the offering.

The Vita Coco Company, Inc., a leading platform of high-growth better-for-you brands formerly known as All Market Inc., has announced the pricing of its initial public offering of 11,500,000 shares of common stock, of which 2,500,000 are being offered by The Vita Coco Company and 9,000,000 are being offered by certain selling stockholders at a price to the public of US$15.00 per share. The selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1,725,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The shares began trading on Nasdaq Global Select Market on Thursday, October 21, 2021 under the ticker symbol “COCO.”

Goldman Sachs & Co. LLC, BofA Securities, Credit Suisse and Evercore ISI are acting as lead book-running managers for the offering. Wells Fargo Securities, Guggenheim Securities, Piper Sandler and William Blair are acting as joint book-running managers.

The Vita Coco Company was co-founded in 2004 by co-CEO Michael Kirban and Ira Liran. Pioneers in the functional beverage category, The Vita Coco Company’s brands include the leading coconut water, Vita Coco; clean energy drink Runa; sustainable enhanced water, Ever & Ever; and protein-infused water, PWR LIFT. With its ability to harness the power of people and plants, and balance purpose and profit, The Vita Coco Company has created a modern beverage platform built for current and future generations.

Latham & Watkins represented The Vita Coco Company, Inc. in the offering with a capital markets team led by New York partners Ian Schuman and Stelios Saffos, with associates Salvatore Vanchieri, Giulia Franzoso, Patrick Maguire, and Hamna Ahmad.

Involved fees earner: Hamna Ahmad – Latham & Watkins; Giulia Franzoso – Latham & Watkins; Patrick Maguire – Latham & Watkins; Stelios Saffos – Latham & Watkins; Ian Schuman – Latham & Watkins; Salvatore Vanchieri – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: The Vita Coco Company;