Outdoor grill-maker Weber firing up $5 billion IPO

Outdoor grills maker Weber said on Tuesday it expects to raise nearly $797 million through an initial public offering in the US, targeting a valuation of more than $5 billion.

The coronavirus pandemic has been an especially busy time for outdoor dining, with many consumers taking up home-improvement projects, including building out decks and patios, which mean more backyard grilling. Grill companies Traeger and BBQ Guys are also planning to go public.