Weber IPO


 

Weber Inc. Files Registration Statement for Proposed Initial Public Offering​

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Weber Inc.
Jul 12, 2021, 08:15 ET

PALATINE, Ill., July 12, 2021 /PRNewswire/ -- Weber Inc. ("Weber") today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Weber intends to list its Class A common stock on the New York Stock Exchange under the ticker symbol "WEBR."

Goldman Sachs & Co. LLC, BofA Securities, Inc., and J.P. Morgan Securities LLC are acting as lead book-running managers for the proposed offering. The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or email: prospectus-ny@ny.email.gs.com; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, or email: dg.prospectus_requests@bofa.com; or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, email at prospectus-eq_fi@jpmorgan.com, or telephone: 1-866-803-9204.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

ABOUT WEBER INC.

Weber Inc., headquartered in Palatine, IL, is the world's leading barbecue brand. The company's founder George Stephen, Sr. established the outdoor cooking category when he invented the original charcoal grill nearly 70 years ago. Weber offers a comprehensive, innovative product portfolio, including charcoal, gas, pellet and electric grills, smokers, and accessories designed to help outdoor cooking enthusiasts discover what's possible. Earlier this year, the company acquired June Life Inc., a smart appliance and technology company, to accelerate the development of its Weber Connect™ technology and digital products. Weber offers its barbecue grills and accessories, services, and experiences to a passionate community of millions across 78 countries.

Weber® is a registered trademark of Weber-Stephen Products LLC.

Weber Connect™ is a trademark of Weber-Stephen Products LLC.
 
While reading the press release, I just noticed that name: Weber Inc. Not Weber-Stephen Products LLC. That change kind of makes me sad.

Weber-Stephens isn't going anywhere. It is still around, still has the same name, and still will make all the grills as the main Weber operating company.

Weber Inc. is just a holding company above Weber-Stephens. And Weber Inc. stock will be what is listed/traded. As a practical matter, you can't have an LLC being publicly traded.
 
I was only using them as an example. How about Builder's Square? Anyone remember them? Went under right after the same Equity Firm that took Chrysler over took them over.
 
If you're an investor, this will be good - for a while. If you're a Weber owner/enthusiast. Remember the good times.
 
All we can do is wait and see. I've worked for all different sizes of companies, employee owned, Private equity, publicly traded fortune 500 etc... they are all out to make money which is what they're supposed to do right??

The bigger question is.... Is anyone going to buy a few shares?? I heard forum members get extra votes at the annual shareholders meetings! 🤣
 
www.valuethemarkets.com

Weber IPO: what you need to know

Weber enjoyed record sales during the pandemic. Now it plans to IPO, is this global BBQ grill maker a good investment?
www.valuethemarkets.com www.valuethemarkets.com

Chris, please move this if it needs to go somewhere else.

I am a stock market guy and the beauty of being private is you really do not need to divulge sales or profits by product lines. That all changes when you go public. You will when your product yes its possible you can decline that but the analysts want to know how many charcoal, gassers, or pellet grills are you selling and what is the margin. My guess they will certainly be asked about the Pellet Grills what are the sales what are the profit margins since this is another entry for them. Now then you have to answer what have you reserved for warranty claims which my guess is a big number and these guys are not idiots they will be aware of the problems and have they been fixed. If your smart ask the question at the 100 day mark what do you expect for returns that is a different question then warranty claims. This is make or break it time for that product IMO. They can't keep bleeding money on one product line so we will see.

Traeger the parent company is going public also. https://www.yahoo.com/entertainment/traeger-announces-launch-initial-public-113300352.html
 
Well said! Part of the benefit of being owned by a PE firm is that they usually have deep pockets. I really don't see this as being a good thing for Weber in the long run, especially with their "late in the game" launch of a pellet grill.
 
Not sure about this statement which is in the Weber IPO you need to know.

Battle of the Grills​

The battle of the grill makers is hotting up with Weber’s rival Traeger also planning on going public.

While Weber is bigger and more affordable, Traeger is touted as the superior product with an upmarket following.

Private Equity always needs to get out sooner or later and if I remember the Weber family still had a fairly large stake so don't worry about them but certainly they will not carry the weight they used to going public. Sell something make money if not get rid of it and move on a public company getting rid of a product line is a blip and and no way I am saying that the SmokeFire is going that way but it needs to perform because if it does not there is no way when they go public that they are continue going to sell a grill for $799 and continue to eat these warranty costs and eat them for the next couple of years. Its a risk buying one of them no question in my mind.

Yes they will eat them for what they have sold but there will come a point when they say it ain't worth it to sell anymore. Hopefully it does not come to that point.
 
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