Vitacost.com Closes 11 Million Share IPO
September 30, 2009 (FinancialWire) — Vitacost.com, Inc. (NASDAQ: VITC) has closed its initial public offering of 11 million shares of common stock. Jefferies & Co. (NYSE: JEF) and Oppenheimer & Co. (NYSE: OPY) acted as the joint book-running managers.
The company sold 4,428,445 shares and selling stockholders sold 6,571,555 shares. In addition, Vitacost.com and the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1.65 million shares of common stock to cover any over-allotments.
Boca Raton, Florida-based Vitacost.com is an online retailer and direct marketer of health and wellness products, including dietary supplements such as vitamins, minerals, herbs or other botanicals, amino acids and metabolites, as well as cosmetics, organic body and personal care products, sports nutrition and health foods.
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