Annie's Sets IPO Terms

Natural and organic food company Annie's has set the terms of its IPO on the NYSE under the symbol BNNY. The offering is expected to include five million shares priced between $14 and $16 apiece. The company will be selling about 1.07 million of the shares, while certain stockholders, including Solera Capital and Najeti Ventures, will be selling about 3.93 million shares. Solera expects to reduce its 90.5% stake to 63.5% through the offering. Credit Suisse Securities and J.P. Morgan Securities are leading the underwriting.