Latham & Watkins Advises Underwriters in Vital Farms, Inc.’s IPO

Vital Farms, Inc. (Vital Farms), a Certified B Corporation that offers a range of ethically produced pasture-raised foods nationwide, priced its initial public offering of 9,303,977 shares of its common stock at a price of US$22 per share. The shares began trading on the Nasdaq Global Select Market on July 31, 2020 under the ticker symbol “VITL.” The offering is expected to close on August 4, 2020, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by New York partner Marc Jaffe and Chicago partners Cathy Birkeland and Alexa Berlin, with associates Austin Arnett and Sara Mykrantz. Advice was also provided on tax matters by Chicago partner Rene de Vera; on benefits and compensation matters by Los Angeles/Century City partner Larry Seymour, with associates Sara Schlau and Gabrielle Masse; on environmental matters by Chicago counsel Sara Orr; and on regulatory matters by Washington, D.C. partner Elizabeth Richards, with associate Eitan Bernstein.