Ballast Point is the first Southern California craft brewery to file for an IPO – Los Angeles Times

Ballast Point Brewing and Spirits Inc. won over California beer aficionados with its Sculpin IPA, and now the San Diego craft brewer is betting that an even wider audience will want to try its hoppy beer.

The 19-year-old brewery has filed plans with the Securities and Exchange Commission to sell shares to the public. Ballast Point is just one of a few craft breweries — and the first in Southern California — to file for an initial public offering.

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FOR THE RECORD

An earlier version of this story said Ballast Point was the first craft brewer to file for an initial public offering in California. It is the first in Southern California.

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The move is the latest example of the booming popularity of craft beers, especially India pale ales.