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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.