Weber went public on the New York Stock Exchange last week

The American barbecue manufacturer Weber is now listed on the New York Stock Exchange (NYSE). The company, whose shares are listed under the ticker symbol WEBR, marked its initial share price on Wednesday, 4 August 2021 at USD 17.00. At the close of trading, Weber securities were worth USD 16.50. Weber was valued at around USD 4 bn as part of the stock exchange launch. The group distributed around 18 million shares amongst the population of investors. The management had aimed for a price range of USD 15 to 17 but the issue price ultimately lay at USD 14 and thus below the price range. The issue volume amounted to around USD 250 mio.Since 2010 Weber has been majority owned by the investment company BDT Capital Partners from Chicago. Weber profited from the lockdown measures resulting from the coronavirus pandemic in many countries. In the six months until the end of March this year the company's returns rose by more than 60 per cent to USD 963 mio in the annual comparison while profit more than tripled to USD 73.8 mio.