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Grills Are the Latest Fad in a Scorching IPO Market

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Expected IPOs for grill sellers Weber and Traeger and a nearly $1 billion SPAC deal for BBQGuys highlight excitement for the 'stay-at-home' trend

By far the largest of the three companies by revenue, Weber has been. The company was founded by George Stephen nearly 70 years ago and said in its filing that sales for the six-month period that ended March 31 rose about 60% from a year earlier to roughly $960 million.

Traeger is known for its pricier wood-pellet grills and said on Wednesday that it plans to raise about $400 million in its IPO, which would value the company at around $2 billion. The Salt Lake City-based firm is aiming to price its shares between $16 and $18 under the ticker symbol COOK. Its sales more than doubled in the first quarter to about $235 million.

 

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