Amplify Snack Brands shares fail to pop in debut
(Reuters) - Shares of Amplify Snack Brands Inc (BETR.N: Quote) fell as much as 8 percent in their debut, valuing the maker of SkinnyPop popcorn and Paqui tortilla chips at $1.24 billion.
The company's initial public offering raised $270 million, after its shares were sold at $18 each, above the expected price range of $14-$16 per share.
Stockholders sold all the 15 million shares in the IPO, the majority of which were offered by Boston-based private equity firm TA Associates, which has a 58.3 percent stake following the offering.
(Reporting by Rachel Chitra and Sruthi Shankar in Bengaluru; Editing by Saumyadeb Chakrabarty)
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