US stocks today: Paine Schwartz-backed Suja Life's shares fall 14% in Nasdaq debut
Suja Life, an organic juice maker, saw its shares drop 14.3 percent on its Nasdaq debut. The company's valuation settled at $695.3 million. This IPO marks a revival in the consumer space. Investors are selective with capital allocation. Suja Life offers cold-pressed juices and functional sodas. PepsiCo's acquisition of Poppi highlights big players' interest in healthy drinks.
Suja Life, an organic juice maker, saw its shares drop 14.3 percent on its Nasdaq debut. The company's valuation settled at $695.3 million. This IPO marks a revival in the consumer space. Investors are selective with capital allocation. Suja Life offers cold-pressed juices and functional sodas. PepsiCo's acquisition of Poppi highlights big players' interest in healthy drinks.
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