By Kevin McCauley
The Blueshirt Group handled yesterday’s initial public offering of Annie’s Inc., organic foods maker, which resulting in a robust 89 percent advance to $36.50 in first day of trading.
The Wall Street Journal reported March 28 the Annie’s action is “another hopeful signal for an initial public offering market that has been in torpor or months.”
Annie’s performance was the best since the debut of LinkedIn Corp. went public in May. It valued the Berkeley, Calif.-based company in the $600M range.
Annie’s, which is best noted for its macaroni and cheese, is up 6.8 percent to $38.20 today.
San Francisco-headquartered Blueshirt is part of Next Fifteen Communications Group, which owns Text 100, Bite, Outcast Agency and M Booth.
Blueshirt co-founder Erica Abrams leads the Annie’s account.
|