WhiteWave Files to Raise Up to $320 Million in IPO

WhiteWave Foods Co. (WWAV), the maker of Silk almond milk owned by Dean Foods Co. (DF), filed to raise as much as $320 million in a U.S. initial public offering.

The company is offering 20 million shares at $14 to $16 each, according to a regulatory filing today. The IPO is scheduled to price Oct. 25, data compiled by Bloomberg show.

Dean Foods will keep a majority stake in WhiteWave following the offering, the filing shows. WhiteWave operates in North America and Europe, selling plant-based foods and beverages, coffee creamers and premium dairy such as Horizon Organic milk.

JPMorgan Chase & Co., Credit Suisse Group AG and Bank of America Corp. are managing the offering. Dallas-based WhiteWave plans to list on the New York Stock Exchange under the symbol WWAV.

To contact the reporter on this story: Julie Alnwick in New York at jalnwick@bloomberg.net

To contact the editor responsible for this story: Jeffrey McCracken at jmccracken3@bloomberg.net

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