Reeds Goes Public

LOS ANGELES—All-natural soft drink maker Reed’s Inc. completed its initial public offering (IPO) and will now be traded on the NASDAQ OTC Bulletin Board under the symbol REED.OB. The IPO involved 2 million shares of Reed’s common stock priced at $4.00 per share. The company (www.reedsgingerbrew.com) said it will use proceeds from this offering to expand product lines and allow broader product distribution in mainstream grocery channels.