initial public offerings (IPOs) trading on American exchanges

Thursday, March 18, 2021

Duckhorn Portfolio (NAPA) began trading on the NYSE on Wed 18 March 2021

The Napa Valley winery said 20.0 million shares were sold in the IPO, 13.3 million shares directly from the company and the rest by selling shareholders. 
  • The IPO priced overnight at $15 a share, in the middle of the expected range of between $14 and $16 a share, as the company raised $200.0 million and was valued at about $1.73 billion. 
  • Opened 24% above its initial public offering price. 
  • The first trade was at $18.60 at 11:41 a.m. Eastern for about 1.8 million shares. 

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