Laird Superfood, which manufactures plant-based packaged beverage products, raised $58 million by offering 2.7 million shares at $22, the high end of the upwardly revised range of $21 to $22. The company originally planned to offer 2.2 million shares at $18 to $20 before increasing its deal size on Tuesday morning. At pricing, the company commands a fully diluted market value of $192 million.
Laird Superfood plans to list on the NYSE American under the symbol LSF. Canaccord Genuity and Craig-Hallum Capital Group acted as lead managers on the deal.
