Weber Inc. WEBR, set terms for its initial public offering on Tuesday, with the grill and outdoor cooking accessories maker planning to offer 46.9 million shares priced at $15 to $17 each. The company would raise $797.3 million at the top of that range. The company has applied to list on the New York Stock Exchange, under the ticker “WEBR.” Goldman Sachs, BofA Securities and JP Morgan are lead underwriters in a syndicate of 12 banks. Proceeds of the deal will be used to repay debt and for general corporate purposes. Weber reported net income of $73.8 million on revenue of $963.3 million for the six months ended March 31, after income of $23.6 million on revenue of $596.4 million in the same period a year ago. For the fiscal year ended Sept. 30, 2020, net income rose to $88.9 million as revenue grew to $1.53 billion, after income of $50.1 million on revenue of $1.30 billion the year before.
View Article Origin Here
