Vital Farms to File for an IPO
|
07/14/2020 |
Vital Farms has filed Form S-1 with the U.S. Securities and Exchange Commission to effect an IPO. The company claims net income of $3.3 million on sales of $140.7 million with products sold in 13,000 supermarkets. Vital Farms was established in 2007 in Austin, TX. and derives 91 percent of revenue from eggs sourced from a claimed 200 small family farms. Eggs are packed in a Springfield, MO. plant erected in 2018 at a cost of $11 million.
The company intends to raise $100 million through the offering and stock will trade on the NASDAQ exchange under the symbol VITL.
|
Matt O'Hayer Founder of Vital Farms. |
|
|
|