SodaStream manufactures home beverage carbonation systems, which enable consumers to easily transform tap water instantly into carbonated soft drinks and sparkling water.
JP Morgan Securities LLC and Deutsche Bank Securities Inc are acting as the joint bookrunning managers for the offering. SodaStream is offering 4,736,842 shares. In addition, the company has granted the underwriters a 30-day option to purchase an additional 710,526 ordinary shares solely to cover overallotments.
SodaStream has applied to have its ordinary shares quoted on the NASDAQ Global Market under the ticker symbol ‘SODA’.
Source: SodaStream
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