Post files IPO for active nutrition unit BellRing Brands
Post Holdings, Inc. announced that its active nutrition business will be named BellRing Brands, Inc. following the completion of the previously announced proposed initial public offering of approximately 20% of its ownership. Post also announced that BellRing has publicly filed a registration statement on Form S-1 with the Securities and Exchange Commission related to BellRing's proposed IPO of its Class A common stock. The number of shares of Class A common stock to be offered and the price range for the proposed offering have not yet been determined. The IPO is expected to be completed in the fall of 2019, subject to market and other conditions. BellRing has applied for its Class A common stock to be listed on the New York Stock Exchange under the symbol "BRBR". Morgan Stanley & Co. LLC, Citigroup, J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC are acting as the lead bookrunning managers for the proposed offering. BofA Merrill Lynch, Barclays Capital Inc., BMO Capital Markets Corp., Credit Suisse Securities LLC, Evercore Group L.L.C., Stifel, Nicolaus & Company, Incorporated, SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC are acting as bookrunning managers. HSBC Securities Inc., Nomura Securities International, Inc., PNC Capital Markets LLC, Rabo Securities USA, Inc. and UBS Securities LLC are acting as co-managers for the proposed offering.