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
Our Standards: The Thomson Reuters Trust Principles.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Like this article? Show your appreciation by sending a tip to the author.
Leave Your Message Now