Annie est intéressante

http://www.retailroadshow.com/sys/launch.asp?k=51831929433

Annie’s IPO watch: Annie’s expects to land on the New York Stock Exchange under the symbol “BNNY”. The company is offering aggregately 5 million shares of common stock (4.05 million shares come from the selling). The Annie’s IPO price of the common stock is expected to be between $16.00 and $18.00 per share. Approximately $9.8 million of net proceeds will be generated in the Annie’s IPO, on a basis of an initial public offering price of $17.00 per share, which is the midpoint of the Annie’s IPO price range mentioned above. The company will not receive any proceeds from the sale of shares offered by the selling stockholders in the public offering. The company intends to use the net proceeds to pay $1.3 million to Solera in connection with the termination of its advisory services agreement and repay a portion of indebtedness outstanding under our credit facility.

The company hires Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC as the representatives of the underwriters. William Blair & Company, L.L.C., RBC Capital Markets, LLC, Stifel, Nicolaus & Company, Incorporated and Canaccord Genuity Inc. also joined the Annie’s IPO underwriting syndicate. The company has granted the underwriters an option to purchase up to 750,000 additional shares from certain selling stockholders to cover overallotments.

Annie’s, Inc. is a natural and organic food company with a widely recognized brand and headquartered in Berkeley, offering more than 125 products throughout United States and Canada. The company owns the #1 natural and organic market position in four product lines: macaroni and cheese, snack crackers, fruit snacks and graham crackers.

The company enjoyed strong sales and profit growth over the past few years. The company grew net sales from $65.6 million in fiscal 2007 to $117.6 million in fiscal 2011, representing a 15.7% compound annual growth rate. The same period income from operations increased from a loss of $3.9 million in fiscal 2007 to income of $15.1 million in fiscal 2011.