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Latham & Watkins Represents The Vita Coco Company, Inc. in Upsized Secondary Offering of Common Stock by Selling Stockholder

May 24, 2023
Capital markets team advises the high-growth platform of better-for-you beverage brands on the offering.

The Vita Coco Company, Inc. (Nasdaq: COCO), a leading high-growth platform of better-for-you beverage brands, has announced the upsizing and pricing of an underwritten public offering of 5,000,000 shares of its common stock at a public offering price of US$23.00 per share, before deducting underwriting discounts and commissions, all of which are being sold by an existing stockholder, Verlinvest Beverages SA (the Selling Stockholder). The offering was upsized from the previously announced 4,500,000 shares of common stock. In addition, the Selling Stockholder has granted the underwriters a 30-day option to purchase up to 750,000 additional shares of common stock at the public offering price, less underwriting discounts and commissions. No shares of common stock are being sold by The Vita Coco Company, Inc. The Selling Stockholder will receive all of the proceeds from the offering. The offering is expected to close on May 26, 2023, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents The Vita Coco Company, Inc. in the offering with a capital markets team led by New York partners Ian Schuman, Stelios Saffos, and Salvatore Vanchieri, with associates Giulia Franzoso and Erin Gilgen.