The IPO of IPAs: Ballast Point Brewing & Spirits files for a $173 million IPO

Ballast Point Brewing & Spirits, a high-growth craft brewer based in San Diego, filed on Monday with the SEC to raise up to $173 million in an initial public offering.

The San Diego, CA-based company, which was founded in 1992 and booked $84 million in sales for the 12 months ended June 30, 2015, plans to list on the Nasdaq under the symbol PINT. Ballast Point Brewing & Spirits filed confidentially on August 6, 2015. Goldman Sachs and Morgan Stanley are the joint bookrunners on the deal. No pricing terms were disclosed.