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Outdoor grills maker Weber raises $250 mln in downsized IPO


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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.
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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. ....

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