Chobani confidentially files for IPO

Chobani announced Wednesday that it has filed a confidential draft registration statement for a proposed initial public offering with the Securities and Exchange Commission. The New York-based food maker, known for its Greek yogurt, said it has not yet determined how many shares it will offer in the IPO, or the expected price range of the offering. The company is looking to go public at a time that the Renaissance IPO ETF IPO, -0.68% has gained 2.7% over the past three months while the S&P 500 SPX, -1.04% has tacked on 6.5%.