Vita Coco’s stock opened at $15.37, or 2.5% above its $15 IPO price

Vita Coco’s stock opened at $15.37, or 2.5% above its $15 IPO price.Vita Coco has filed to raise $224 million in an initial public offering.The IPO issue price is set at 15 US dollars/share and the stock code is COCO.

The company,headquartered in New York, New York, was founded as a public welfare company dedicated to developing and selling coconut derivatives for functional drinks.