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Organic beverage producer New Age Beverages completes Nasdaq uplisting at $3.50

New Age Beverages, which sells natural and organic beverages, raised $15 million by offering 4.3 million shares at $3.50 on Monday. The company's shares had been listed on the OTC Pink Marketplace, and finished Monday at $5.34. At IPO, New Age Beverages commands a market cap of $102 million. New Age Beverages is listed on the Nasdaq under the symbol NBEV. Aegis Capital Corp and Maxim Group LLC acted as lead managers on the deal.

The article Organic beverage producer New Age Beverages completes Nasdaq uplisting at $3.50 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

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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