Italian Food Brands Company Sovos Files for IPO With Sales Jump

Sovos Brands Inc., the owner of the Italian cuisine brands Rao’s and Michael Angelo’s, filed for an initial public offering showing sales gains last year.

The company, backed by private equity firm Advent International, listed the size of the offering as $100 million, a placeholder that will change when terms of the share sale are set. Sovos, based in Louisville, Colorado, also owns the Noosa yogurt and Birch Benders pancake mix brands.