According to sources, Nutrabolt, manufacturer of energy drinks and food supplements, reportedly
Article excerpt
Highlighted: the sentence this signal was extracted from
((Automated translation by Reuters using machine learning and generative AI, please refer to the following disclaimer: https://bit.ly/rtrsauto)) * Nutrabolt has reportedly chosen JPMorgan, Goldman Sachs and Bank of America for its U.S. IPO, according to sources * The IPO could raise up to $1 billion, according to sources * Keurig Dr Pepper acquired a 30% stake in 2022, implying an equity valuation of $2.88 billion by Abigail Summerville and Echo Wang Nutrabolt, a company specializing in energy drinks and food supplements, has selected investment banks to lead an initial public offering that could raise up to $1 billion, according to four people familiar with the matter. Based in Austin, Texas, the company behind the C4 energy drink and Bloom nutrition brand is working with banks including JPMorgan, Goldman Sachs and Bank of America, said these sources, who wished to remain anonymous to discuss a confidential matter. A Nutrabolt spokesperson said the company does not comment on rumors. JPMorgan, Goldman Sachs and Bank of America declined to comment. The company's IPO plans and choice of banks had not yet been reported in the press. The U.S. IPO market has regained momentum after a prolonged slowdown, supported by flagship listings, including SpaceX on SPCX.O earlier this month, the largest IPO ever recorded. Issuers from the consumer and retail sectors have also returned to...
Keep reading with a free account
The rest of this article, and every signal for JPMorgan, is in your free account.
