Grill maker Weber could soon be listed on the NYSE.
(Photo: dpa)
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New York The traditional US grill manufacturer Weber is preparing an IPO on the New York Stock Exchange after strong business growth in the Corona crisis. The company announced on Monday (local time) that it had already submitted a corresponding application to the US Securities and Exchange Commission. Weber profited greatly from increased demand in the pandemic with his coal, gas and electric grills, which sometimes cost thousands of dollars or euros.
In the six months to the end of March, the company, founded in 1952 and once known for its “Weber Kettle” kettle grill, increased sales by over 60 percent year-on-year to $ 963 million (EUR 811 million). Profit even more than tripled to $ 73.8 million. It is still unclear how much money Weber wants to raise with the IPO. So far, a placeholder amount of $ 100 million has been entered in the securities prospectus.
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