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Organic beverage producer New Age Beverages completes Nasdaq uplisting at $3.50

February 14, 2017
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New Age Beverages, which sells natural and organic beverages, raised $15 million by offering 4.3 million shares at $3.50 on Monday. The company's shares had been listed on the OTC Pink Marketplace, and finished Monday at $5.34. At IPO, New Age Beverages commands a market cap of $102 million. New Age Beverages is listed on the Nasdaq under the symbol NBEV. Aegis Capital Corp and Maxim Group LLC acted as lead managers on the deal.