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July 29, 2021, 10:20 a.m. EDT

Traeger to go public as IPO priced at top of expected range, valuing the grill maker are more than $2 billion

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By Tomi Kilgore

Traeger Inc.'s /zigman2/quotes/228383287/composite COOK -5.64% is set to go public Thursday after grill maker's initial public offering priced overnight at the top of the expected range, to value the Utah-based company at about $2.12 billion. The company raised $423.5 million, as it sold 23,529,411 share in the IPO, which priced at $18 a share, compared with an expectation of between $16 and $18 a share. The stock is expected to start trading on the NYSE under the ticker symbol "COOK." The company is going public on the same day as Robinhood Markets Inc. /zigman2/quotes/228268942/composite HOOD -10.95% , the popular no-fee trading app being valued at roughly $30 billion. In morning trading Thursday, the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -3.85% was little changed, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.84% gained 0.4%.

/zigman2/quotes/228383287/composite
US : U.S.: NYSE
$ 12.72
-0.76 -5.64%
Volume: 613,024
Dec. 3, 2021 4:03p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.50 billion
Rev. per Employee
N/A
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/zigman2/quotes/228268942/composite
US : U.S.: Nasdaq
$ 21.55
-2.65 -10.95%
Volume: 16.83M
Dec. 3, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$18.53 billion
Rev. per Employee
N/A
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 57.41
-2.30 -3.85%
Volume: 161,171
Dec. 3, 2021 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,538.43
-38.67 -0.84%
Volume: 2.71B
Dec. 3, 2021 5:35p
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