Amplify Snack Brands Prices IPO Above Range

(RTTNews) - Amplify Snack Brands, Inc., the maker of SkinnyPop popcorn, said late Tuesday that it has priced its initial public offering of 15 million shares at $18.00 each, which is above the previously estimated price range of $14.00 to $16.00 per share.

All shares are being sold by existing shareholders, including certain directors and officers of the company. The selling shareholders have also granted the underwriters a 30-day option to purchase up to 2.25 million additional shares.

The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "BETR" beginning Wednesday, August 5.

The offering is expected to close on August 10.

Amplify will not receive any of the proceeds from the offering.

Goldman, Sachs & Co., Jefferies, Credit Suisse and SunTrust Robinson Humphrey are acting as joint book-running managers for the offering. William Blair and Piper Jaffray are acting as co-managers.