Zevia PBC

General Information

Zevia – its name rhymes with stevia, the natural sweetener and sugar substitute – is a high-growth beverage company that is disrupting the liquid refreshment beverage industry through delicious and refreshing zero calorie, zero sugar, naturally sweetened beverages that are all Non-GMO Project Verified. (The Stevia rebaudiana plant is native to Brazil and Paraguay.)

We are a pioneering beverage brand, offering a platform of six product lines – Soda, Energy Drinks, Organic Tea, Mixers, Kidz drinks, and Sparkling Water – and 37 flavors. All of our beverages are made with only a handful of plant-based ingredients that most consumers can easily pronounce. Our products are distributed across the U.S. and Canada through a diverse network of major retailers in the food, drug, mass, natural and ecommerce channels. We believe that consumers increasingly select beverage products based on taste, ingredients and fit with today’s consumer preferences, which has benefited the Zevia brand and resulted in over 1 billion cans of Zevia sold to date.

We actively seek to minimize our environmental impact and continuously re-evaluate our packaging formats and processes to limit environmental waste. We have never sold a single plastic bottle, which we estimate has eliminated 15,000 metric tons of plastic bottles from the supply chain by selling only aluminum packaging since 2011. In addition, one of our main ingredients, stevia, requires less agricultural water than sugar, furthering our sustainability mission.

From the cover of the prospectus – “We elected in March 2021 to be treated as a public benefit corporation under Delaware law. As a public benefit corporation, we are required to balance the pecuniary interests of our stockholders with the best interests of those stakeholders materially affected by our conduct, including particularly those affected by the specific benefit purposes set forth in our certificate of incorporation. Accordingly, our duty to balance a variety of interests may result in actions that do not maximize stockholder value.”

Note: The PBC in the company’s name stands for “public benefit corporation.” See the prospectus for details on what this designation might mean for shareholders.

(Note: Zevia PBC downsized its IPO at pricing on July 21, 2021, to 10.7 million shares – down from 14.3 million shares in the prospectus – and priced the stock at $14 – the mid-point of its $13-to-$15 range – to raise $149.8 million.)



Industry: Bottled & Canned Soft Drinks - Carbonated Waters
Employees: 98
Founded: 2007
Contact Information
Address 15821 Ventura Blvd., Suite 145 Encino, CA 91436
Phone Number (855) 469-3842
Web Address http://www.zevia.com
View Prospectus: Zevia PBC
Financial Information
Market Cap $853.84mil
Revenues $118.23 mil (last 12 months)
Net Income $-3.46 mil (last 12 months)
IPO Profile
Symbol ZVIA
Exchange NYSE
Shares (millions): 10.7
Price range $14.00 - $14.00
Est. $ Volume $149.8 mil
Manager / Joint Managers Goldman Sachs/ BofA Securities/ Morgan Stanley/ Stephens, Inc./ BMO Capital Markets/ Wells Fargo Securities
CO-Managers Telsey Advisory Group/ Loop Capital Markets/ Academy Securities/ AmeriVet Securities/ Ramirez & Co.
Expected To Trade: 7/22/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change