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Vita Coco soared 6% in market debut

Moomoo News ·  Oct 21, 2021 11:20  · IPO

Vita Coco, launched in New York in 2004, now makes flavored, sparkling and caffeinated coconut waters, as well as coconut oil and milk alternatives. It brought packaged coconut water long popular in Brazil to the United States.

Since 2018, It has expanded the portfolio with three brands that allow the company to expand its reach and consumer base.

Runa is an energy drink made from plants found in the Amazon rainforest.

Ever & Ever, launched in 2019, is a purified water brand packaged solely in aluminum bottles with a pH balance of 7.4.

In 2021, the company released a functional beverage targeted at the post-workout and recovery usage occasions in PWR LIFT.

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Some 17 years later, the firm leads the U.S. coconut-water industry with 46% market share and the U.K. market with a more than 70% share, according to the S-1. The company also operates in 22 other countries.

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