Blackstone-backed Pinnacle Foods files for IPO that could raise up to $1 billion

Pinnacle Foods, a leading manufacturer, marketer and distributor of branded food products, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering. The $100 million value is a placeholder; Renaissance believes the IPO could ultimately raise just under $1 billion. The Parsippany, NJ-based company, which was founded in 2001 and booked $2.5 billion in sales for the 12 months ended 9/23/2012. The filing did not include a stock ticker or the exchange it plans to list on. Barclays, BofA Merrill Lynch, Credit Suisse, Goldman Sachs, Morgan Stanley and UBS are the joint bookrunners on the deal. No pricing terms were disclosed.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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