Article content
Weber Inc on Thursday raised about $250 million in its initial public offering, which was less than half the amount it had planned to raise earlier.
The grill maker priced its IPO of about 17.9 million shares at $14 a piece, it said in a statement.
We apologize, but this video has failed to load.
Try refreshing your browser, or Outdoor grills maker Weber raises $250 mln in downsized IPO Back to video
Weber last month had planned to sell 46.88 million shares at between $15 and $17 each, which would have helped it raise up to $797 million at a valuation of about $5 billion.
The Palatine, Illinois-based company, whose grill types include gas, electric and charcoal, debuts on Thursday, about a week after rival wood pellet grill maker Traeger Inc started trading on the NYSE.
Outdoor grills maker Weber valued at nearly $5 bln in debut as shares rise
leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
Outdoor grills maker Weber valued at nearly $5 billion in debut as shares rise
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.