Outdoor grills maker Weber valued at nearly $5 bln in debut as shares rise
Aug 5 (Reuters) - Shares of Weber Inc rose more than 20% in their debut on the New York Stock Exchange on Thursday, giving the outdoor grills maker a market capitalization of about $5 billion.
Weber’s shares opened at $17, compared to their initial public offering (IPO) price of $14 per share.
Reporting by Sohini Podder in Bengaluru;Editing by Arun Koyyur
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