Zero-calorie beverage company Zevia files to go public

MarketWatch2021-06-25

Zevia, a beverage company that makes zero-calorie and zero-sugar beverages with "clean" ingredients, has filed to go public. It plans to list class A shares on the New York Stock Exchange under the ticker "ZVIA."

Goldman Sachs & Co. LLC, BofA Securities and Morgan Stanley are the lead underwriters. An S-1 has been filed with the Securities Exchange Commission, but has not yet become effective.

Zevia joins a slew of companies that have recently filed paperwork to go public or have started trading, includingKrispy Kreme,Mister Car Washand Confluent Inc.CFLT,+25.06%.The Renaissance IPO ETFIPO,+0.70%is up 2.3% for the year to date while the S&P 500 indexSPX,+0.58%has gained 13.6% for the period.

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