Outdoor grill manufacturer Weber has an IPO on 250 million dollars

Leading manufacturer of outdoor grilling products Weber attracted 250 million dollars, releasing 17,9 million shares in 14 dollars - below the stated range from 15 to 17 Dollars. The company released on 29 million shares less, than planned. Based on the actual IPO price, Weber's total diluted market value would be 3,7 billion dollars.

Outdoor grill manufacturer Weber has an IPO on 250 million dollars

Weber say, that the company is a leader in the outdoor cooking segment. IN 2020 year it accounted for more than 20% world and American outdoor cooking market. The company's product line includes traditional charcoal grills, gas grills, smokehouse, pellet and electric grills, and recently introduced grills with support for Weber Connect technology. Weber is a leader in outdoor cooking in the largest markets, and in other markets, the brand is ranked # 1 or # 2 in each of the key geographic areas, in which he is presented.

Weber plans to list on the stock exchange NYSE under the ticker WEBR. Goldman Sachs became the joint organizers of the share issue, BofA Securities, J.P. Morgan, BMO Capital Markets, Citi, UBS Investment Bank, Wells Fargo Securities и KeyBanc Capital Markets.

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