US: WhiteWave share slide on NYSE debut
WhiteWave's stock opened at US$19 but closed at $16.75
Shares in Dean Foods' soy and organic arm WhiteWave Foods Co slid on their debut on the New York stock exchange on Friday (26 October).
WhiteWave's stock opened at US$19, up 12% from its IPO price of $17. The shares, however, fell 1.5% to finish at $16.75 at close of trading.
Dean Foods planned to raise up to $320m from the IPO, which was announced in August. It sold shares in up to 20% of WhiteWave, which sells Horizon organic milks and plant-based dairy alternatives, such as Silk Soymilk.
Shares in Dean Foods tumbled 11% to close at $16.74 on Friday following the IPO.
Dean Foods remains focused on the US market and drives virtually all of its sales from the dairy market. The maturity of both the US market and dairy products has, however, impacted the company's over...
This report analyzes the worldwide markets for Dairy Products in US$ Million by the following Product Segments: Milk Powder, Butter, Cheese, Ice Cream and Related Products, Yogurt and Related Products...
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