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

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%.

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Traeger Inc.

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

/zigman2/quotes/228268942/composite

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Robinhood Markets Inc.

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

/zigman2/quotes/207665280/composite

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Renaissance IPO ETF

US : U.S.: NYSE Arca

$ 57.41

-2.30 -3.85%

Volume: 161,171

Dec. 3, 2021 4:00p

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S&P 500 Index

US : S&P US

4,538.43

-38.67 -0.84%

Volume: 2.71B

Dec. 3, 2021 5:35p