Weber-Stephen wants to go public

The barbecue manufacturer Weber-Stephen wants to go public on the New York Stock Exchange (NYSE). According to the German business journal Manager Magazin, the family company with headquarters in the US state of Illinois expects a prospectus return of over USD 100 mio (EUR 84 mio). According to information by the news service Bloomberg however, Weber could in fact be valued at USD 4 to 6 bn (EUR 3.4 to 5.1 bn). Weber has profited particularly strongly from the increased demand for barbecues during the period of the coronavirus pandemic. Manager Magazin states further that in the second half of 2020/2021 (31 March 2021), the manufacturer gained a sales growth of 62 per cent to USD 963 mio (EUR 812 mio); profit even quadrupled to almost USD 74 mio (EUR 62 mio).