Amplify Snack Brands shares fail to pop in debut

Wed Aug 5, 2015 10:38am EDT
 
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(Reuters) - Shares of Amplify Snack Brands Inc BETR.N 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)