Suja Life reveals IPO proceeds target

US juices and ‘functional’ shots steadfast Suja Life wants to rise much than $200m from its planned IPO.

The projected listing would spot Suja Life and main capitalist Paine Schwartz Partners merchantability conscionable nether 8.9m shares successful the Californian business.

Between them, Suja Life and Paine Schwartz Partners besides mean to assistance the underwriters a 30-day enactment to bargain up to different 1.3m shares astatine the IPO price.

Under to filings published contiguous (27 April), the shares are priced betwixt $21 and $24 each. Suja Life could rise $213.3m from the IPO, which is being lined up connected the Nasdaq.

Set up successful 2012, Suja Life is backed by Paine Schwartz Partners, which acquired the institution successful 2021. Another private-equity firm, Meaningful Partners, is simply a smaller shareholder. Paine Schwartz Partners volition proceed to “control” the concern aft the IPO.

The company’s merchandise scope contains 3 brands: Suja Organic juices and shots, Vive Organic shots and Slice “better-for-you” sodas. Suja Life acquired Vive Organic successful 2022 and Slice 2 years later.

Last year, Suja Life made a nett nonaccomplishment of $23.3m, up from $20.8m successful 2024. The institution generated an adjusted EBITDA of $40.5m, which was down 4.1% connected a twelvemonth earlier. Net income accrued 26.1% to $326.6m. Some 78% of income were generated by the Suja Organic brand.

The company’s stockists see Walmart, Kroger, Albertsons, Costco and Whole Foods Market.

In earlier filings linked to the IPO, Suja Life, citing NIQ data, said its products were disposable successful much than 37,000 stores, with 10 items sold per outlet connected average.

Suja Life is finalising its fiscal results for the archetypal 4th of its existent fiscal year, a play that ran to 30 March. The institution estimates it made a nett net of $7-8.8m, versus 1 of $88,000 a twelvemonth earlier. According to these assessments, the concern says its first-quarter nett income volition beryllium $103.8-107.1m. In the archetypal 4th of 2025, Suja Life made nett income of $87.4m.

CEO Maria Stipp joined Suja Life successful 2024 aft astir three-and-a-half years arsenic CEO of US steadfast Stone Brewing.

"Suja Life reveals IPO proceeds target" was primitively created and published by Just Drinks, a GlobalData owned brand.

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