The WhiteWave Foods IPO: According to the prospectus filed with the Securities and Exchange Commission on August 7, 2012, the consumer packaged food and beverage company intends to list its Class A common stock on the new York Stock Exchange under the symbol “WWAV,” to raise as much as $300 million at most.
The WhiteWave Foods is a leading consumer packaged food and beverage company engaged in manufacturing, marketing, distributing, and selling branded plant-based foods and beverages, coffee creamers and beverages, and premium dairy products through two business segments, North America segment and Europe segment, over North America and Europe, respectively.
For the year ended December 31, 2011, The WhiteWave Foods generated total net sales of $1.916 billion, up from $1.167 billion for the year ended December 31, 2007, representing a compound annual growth rate (“CAGR”) of 13.6% from 2007 to 2011. During this period, operating income increased from $102.039 million to $175,694 million and net income grew from $69.023 million to $90.845 million, representing compound annual growth rates of 14.55% and 7.11%, respectively.
All the net proceeds received from The WhiteWave Foods IPO will be paid to Dean Foods. The latter will utilize these funds to repay a portion of its indebtedness under its senior secured credit facility.\
J.P. Morgan, Credit Suisse and BofA Merrill Lynch are working as the lead underwriters for The WhiteWave Foods IPO.
The WhiteWave Foods IPO