Turn up the grill: Weber off to a hot start in market debut
ABC News
Shares of Weber are smoking in their market debut Thursday as the grilling company gets off to a hot start with investors
Shares of Weber are smoking in their market debut Thursday as the grilling company gets off to a hot start with investors. The stock is up more than 19% in midday trading, after opening at $17. Weber Inc. sold approximately 17.9 million shares at $14 per share before its stock started trading. This was below what the Palatine, Illinois-based company and selling shareholders had been looking for, as they had wanted to sell nearly 47 million shares between $15 and $17 a share. The company plans to use proceeds to pay down debt and for general corporate purposes.More Related News