Annie's, which is a leading organic and natural packaged food company known for its mac-n-cheese, raised the proposed deal size for its upcoming IPO on Monday. The Berkeley, CA-based company now plans to raise $85 million by offering 5 million shares (81% insider) at a price range of $16.00 to $18.00. The company had previously filed to offer 5 million shares (79% insider) at a range of $14.00 to $16.00. At the mid-point of the revised range, Annie's will raise 13% greater proceeds than previously anticipated. Annie's, which was founded in 1989 and booked $135 million in sales for the 12 months ended 12/31/2011, plans to list on the NYSE under the symbol BNNY. Credit Suisse, J.P. Morgan are the lead underwriters on the deal.
