The Better Being Co., which sells vitamins and supplements under the Solaray, KAL, and other brands, postponed its IPO on Wednesday. It had filed to raise $200 million by offering 12.5 million shares at a price range of $15 to $17.
The vertically integrated company manufactures and sells nutritional vitamins and supplements, beauty products, and other natural products under numerous brands, including Solaray, KAL, Zhou Nutrition, Nu U, Heritage Store, Zand, and Life Flo.
The Salt Lake City, UT-based company was founded in 1993 and booked $344 million in sales for the 12 months ended March 31, 2021. It had planned to list on the NYSE under the symbol BBCO. Goldman Sachs, Credit Suisse, Jefferies, Deutsche Bank, Piper Sandler, and Guggenheim Securities were set to be the joint bookrunners on the deal.
