US food manufacturer Post Holdings has announced the closing of the public offering (IPO) of its BellRing Brands business.

BellRing, formerly known as Active Nutrition, issued 34.28 million shares at a price of US$14 each yesterday (21 October), translating to a capital raise of around $480m.

It also granted the underwriters a 30-day option to purchase up to an additional 5.14 million shares, to raise a further $72m, and this was exercised in full yesterday.

Upon completion of the offering, Post, which owns the Weetabix cereal brand, retains around 71% of BellRing. 

BellRing’s stock is now trading on the New York Stock Exchange.

Post revealed in 2018 it planned to spin off the Active Nutrition unit and was working on the structure of an IPO and associated operational agreements.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Last month, after revealing the new name for the unit, Post said BellRing had filed a registration statement with the US Securities and Exchange Commission for the proposed IPO of class A common stock and had applied for a listing on the New York Stock Exchange under the symbol BRBR

The BellRing business includes ready-to-drink protein beverages, protein powders, nutrition bars and other nutritional supplements under brand names such as Premier Protein, Dymatize, PowerBar, Supreme Protein and Joint Juice.