Organic Juice Maker Suja Sinks 14% After $186.7 Million IPO

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 traded at $18.05 as of 1:34 p.m. on Thursday in New York, below the IPO price of $21 apiece. The trading gives the company a market value of $697 million, based on the outstanding shares in its filings.