IPO market cooling off? Weber prices below expectations

Grill maker Weber Inc. bought fewer shares at a cheaper price than anticipated in its preliminary public providing, folks aware of the matter stated, the most recent signal the new-issue market could also be cooling after a torrid run this summer season.


bought 18 million shares at $14 apiece, the folks stated, forward of its buying and selling debut Thursday. The corporate and its promoting shareholders had been planning to promote roughly 47 million shares at a value between $15 and $17. As an alternative, solely the corporate bought shares within the providing, which pegs Weber’s totally diluted valuation at roughly $5 billion.

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