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Primo Water submits filing for $60 million IPO

March 12, 2010

Primo Water Corporation, which provides three and five gallon bottles of purified water and water dispensers, filed on Friday with the SEC to raise up to $60 million in an initial public offering. The Winston-Salem, NC-based company, which was founded in 2004 and booked $47 million in sales last year, also provides recycling center displays where consumers receive a recycling ticket that can be used for a discount toward the purchase of their next bottle. Primo Water plans to list its shares on the NASDAQ. Thomas Weisel is the lead underwriter on the deal, for which pricing terms and timing were not disclosed.