Stock Track | Buda Juice Soars 60% in Intraday Trading Following IPO Announcement

Stock Track

01/09

Buda Juice, Inc. (BUDA) saw its stock price soar by 60% during intraday trading on Thursday, following the company's announcement of its initial public offering (IPO).

The American juice manufacturer plans to issue 2.7 million shares at $7.50 per share, aiming to raise $20 million. The IPO price is at the low end of the previously announced range of $7.50 to $9.00 per share. Buda Juice, headquartered in Texas, focuses on its own brands and contract manufacturing of citrus-based beverages, with plans to expand production facilities in South Carolina and Arizona/Nevada by 2026 and 2027, respectively.

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