Turning Point Brands Priced, NYSE: TPB

Sells tobacco products in the US under the Zig-Zag and Stoker's brands.

Industry: Consumer Staples

Latest Trade: $16.73 0.00 (0.0%)

First Day Return: +1.2%

Return from IPO: +67.3%

Industry: Consumer Staples

We are a leading independent provider of Other Tobacco Products in the U.S. We sell a wide range of products across the OTP spectrum, including moist snuff, loose leaf chewing tobacco, premium cigarette papers, make-your-own cigar wraps and cigar smoking tobacco, cigars, liquid vapor products and tobacco vaporizer products. We do not sell cigarettes. We estimate that the OTP industry generated approximately $10.0 billion in manufacturer revenue in 2014. In contrast to manufactured cigarettes, which have been experiencing declining sales for decades based on data published by the Alcohol and Tobacco Tax and Trade Bureau, the OTP industry is demonstrating increased consumer appeal. For instance, according to Management Science Associates Incorporated, OTP consumer units shipped to retail increased by approximately 2% from 2013 to 2014 and approximately 3% from 2014 to 2015.
more less
IPO News for Turning Point Brands
more
IPO Data
IPO File Date 11/05/2015
Offer Price $10.00
Price Range $13.00 - $15.00
Offer Shares (mm) 5.4
Deal Size ($mm) $54
IPO Data
IPO Date 05/10/2016
Offer Price $10.00
Price Range $13.00 - $15.00
Offer Shares (mm) 5.4
Deal Size ($mm) $54
Underwriters
more
Company Data
Headquarters Louisville, KY
Founded 1988
Employees 231
Website www.turningpointbrands.com