Winc Launches 5 Million Share IPO

Winc, Inc. (“Winc”)launchedan initial public offering of 5 million common shares. In addition, Winc expects to grant the underwriters a 30-day option to purchase up to 750,000 additional shares of its common stock at the public offering price, less underwriting discounts and commissions. The initial public offering price is currently expected to be between $14 and $16 per share. Winc has applied to list its common stock on the NYSE under the symbol “WBEV.”

BofA Securities and Canaccord Genuity are acting as joint lead book-running managers for the proposed offering. Craig-Hallum and Roth Capital Partners are also acting as book-running managers and The Benchmark Company is acting as co-manager.

This entry was posted in Finance and tagged . Bookmark the permalink.