WhiteWave IPO Opens Up, a Win for Dean Foods

Before you go, we thought you'd like these...
Before you go close icon

Friday's IPO comes from The WhiteWave Foods Company (NYSE: WWAV). This is a packaged food and beverage outfit, and its top brands include plant-based foods and beverages, coffee creamers and beverages, and premium dairy products. There is a boost here for Dean Foods Co. (NYSE: DF) as well.

This is a premium IPO. After a $14 to $16 range, WhiteWave is selling 23,000,000 shares of common stock at $17.00 per share.

Following the offering, Dean Foods Co. (NYSE: DF) will continue to own approximately 86.7% of the economic interest in WhiteWave's capital stock. Dean Foods will also hold about approximately 98.5% of the voting power. If the overallotment shares are used up, then those percentages would be 85.0% and 98.3%, respectively.

WhiteWave's brands include Silk (milk), Horizon Organic, Land O Lakes and International Delight.

J.P. Morgan Securities, Credit Suisse Securities and BofA Merrill Lynch are the joint book-running managers for the offering. These underwriters have an option to purchase up to an additional 3,450,000 shares of Class A common stock to cover over-allotments, if any.

WhiteWave has now opened and the first print appeared to be $19.00 per share.


Filed under: 24/7 Wall St. Wire, Food, IPOs & Secondaries, Retail Tagged: DF, WWAV
Read Full Story


S&P 500 2,191.95 0.87 0.04%
DJIA 19,170.42 -21.51 -0.11%
NASDAQ 5,255.65 4.55 0.09%
DAX 10,513.35 -20.70 -0.20%
HANG SENG 22,564.82 -313.41 -1.37%
NIKKEI 225 18,426.08 -87.04 -0.47%
USD (per EUR) 1.07 0.00 0.06%
USD (per CHF) 1.01 0.00 -0.01%
JPY (per USD) 113.48 -0.41 -0.36%
GBP (per USD) 1.27 0.01 1.16%

From Our Partners