PowerBar maker BellRing climbs after low-range $480 million IPO

BellRing's IPO still fell short of the $570 million it was seeking to raise at the top end of that range

PowerBar maker BellRing Brands Inc. climbed as much as 14% in its trading debut after raising $480 million in an initial public offering that yielded results at the low-end of its target.
 

The company reached that mark by increasing the number of shares sold while lowering their price.

In what might still be the biggest IPO of the fourth quarter, the Post Holdings Inc. spinoff sold about 34.3 million shares for $14 each on Wednesday. The company had earlier offered 30 million shares for $16 to $19 each.

BellRing’s IPO still fell short of the $570 million it was seeking to raise