Suja Life Inc. shares fell 14% in its trading debut on Thursday, after the initial public offering for the maker of organic cold-pressed juices and other nutritional beverages raised $186.7 million.
The company’s shares opened at $18 on Thursday in New York, below the IPO price of $21 apiece. The trading gives the company a market value of $695 million, based on the outstanding shares in its filings.