Keurig Dr Pepper IncHolds 30% stake in Nutrabolt; IPO could increase value of its investment.
Nutrabolt, the energy drink and supplements company behind C4 and Bloom, has selected JPMorgan, Goldman Sachs and Bank of America to lead a US initial public offering that could raise up to $1 billion, according to four people familiar with the matter. The Austin, Texas-based company has not previously reported its IPO plans or bank selection. Nutrabolt sells products under the C4, XTEND and Cellucor brands and said in September it was on track to exceed $1 billion in annual consolidated revenue. In 2022, Keurig Dr Pepper took a 30% stake in Nutrabolt at a $2.88 billion equity valuation as part of a long-term sales and distribution agreement.
Keurig Dr Pepper IncHolds 30% stake in Nutrabolt; IPO could increase value of its investment.
Celsius Holdings Inc
Monster Beverage Corp
Bank of America CorpSelected as underwriter for Nutrabolt's IPO, generating fee income.
Goldman Sachs Group IncSelected as underwriter for Nutrabolt's IPO, generating fee income.
JPMorgan Chase & CoSelected as underwriter for Nutrabolt's IPO, generating fee income.
Company is planning an IPO that could raise up to $1 billion.