Suja Life, Inc. announced the pricing for its initial public offering at $21.00 per share for 8,888,889 shares of Class A common stock, a move that the company says will generate approximately $173.6 million in net proceeds after underwriting discounts and commissions and before estimated offering expenses.
The company plans for its shares to begin trading on the Nasdaq Global Select Market on May 7, 2026 under the ticker symbol "SUJA." The offering is slated to close on May 8, 2026, subject to customary closing conditions. According to the company statement, the Securities and Exchange Commission declared the registration statement effective on May 6, 2026.
Under the terms of the offering, Suja Life has provided the underwriters with a 30-day option to purchase up to an additional 1,333,333 shares at the initial public offering price, less underwriting discounts and commissions.
The company intends to deploy the net proceeds in a specific, described structure. Suja Life will use the funds to acquire limited partnership units in Suja Life Holdings, L.P. at a purchase price equal to the IPO price per share minus underwriting costs. Suja Life Holdings, L.P. will apply the proceeds it receives to repay $141.3 million of outstanding borrowings under its credit agreement, to make approximately $17.5 million in cash payments to certain employees and directors, and to cover expenses associated with the offering.
Bank syndication for the transaction is being led by Goldman Sachs & Co. LLC, Jefferies, and William Blair as joint lead bookrunning managers. BofA Securities and Evercore ISI are participating as bookrunning managers.
Suja Life operates in the organic beverage segment, producing cold-pressed juices, wellness shots, and sodas through its brands Suja Organic, Vive Organic, and Slice Soda. The company reports processing approximately 1 million pounds of organic produce each week through its vertically integrated facility.
Clear summary
Suja Life priced its IPO at $21 per share for 8,888,889 Class A shares, with projected net proceeds of about $173.6 million after underwriting costs. The company plans to list on the Nasdaq Global Select Market under the symbol SUJA starting May 7, 2026, expects the offering to close on May 8, 2026, and will route proceeds through its holdings partnership to repay $141.3 million of debt, make roughly $17.5 million in cash payments to select employees and directors, and pay offering expenses.
Key points
- IPO specifics: 8,888,889 Class A shares priced at $21.00 per share, with about $173.6 million in expected net proceeds after underwriting discounts and commissions and before estimated expenses.
- Use of proceeds: Acquisition of LP units in Suja Life Holdings, L.P.; Holdings LP will repay $141.3 million of borrowings, distribute around $17.5 million in cash to certain employees and directors, and cover offering-related costs.
- Market and operations: Shares expected to begin trading on Nasdaq Global Select Market on May 7, 2026 under the ticker SUJA; the company processes roughly 1 million pounds of organic produce weekly at its vertically integrated facility and sells products through Suja Organic, Vive Organic, and Slice Soda brands.
Risks and uncertainties
- The closing of the offering is subject to customary closing conditions, meaning the transaction is not final until those conditions are satisfied - a factor that directly affects capital markets and investment banking activity.
- The underwriters possess a 30-day option to purchase up to 1,333,333 additional shares at the IPO price less underwriting discounts and commissions, which could affect the total share count offered in the market and is relevant to equity market participants monitoring issuance size and potential dilution.
- The company’s planned repayment of $141.3 million in outstanding borrowings depends on the availability of proceeds from the offering; failure to consummate the offering as expected would leave those borrowings outstanding, a point material to credit markets and lenders associated with the company’s credit agreement.