Organic food is flying off the grocery store shelves, and Annie's Inc. is soaring in its stock market debut on Wednesdsay, with IPO shares jumping 65 percent. Shares were initially offered at $19 -- already above its revised target range of $16-$18 -- then soared above $30 after the opening bell on Wall Street.
The Berkeley, Calif. based company sold 5 million shares in the offering on the New York Stock Exchange, raising about $100 million in the IPO. The company's ticker is BNNY, a reference to its rabbit logo.
Annie's, established more than 20 years ago, started out producing natural and healthy macaroni and cheese dinners. The company is now a seller of organic and natural alternatives to traditional convenience foods, snacks and cereal.
The company could be on track for one of the best IPOs of the year. Caesar's Entertainment closed up 71 percent on its first day.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.