The company previously priced its IPO at $21.50, between the estimated price range of $20-$23, CNBC's Bob Pisani reported on "Squawk on the Street" this morning.
The Blue Ash, Ohio-based company's IPO is the largest ready-to-eat food supplier in the U.S. to restaurants, retailers, and schools, Pisani said.
The company had revenue of $1.69 billion last year. The company will use its net proceeds from the offering to repay debts.
The lead underwriters for the stock are Barclays Capital (BCS), Credit Suisse (CS), and Morgan Stanley (MS).