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 -4.00% 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 -1.72% , 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 -1.45% was little changed, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.62% gained 0.4%.

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Traeger Inc.

US : U.S.: NYSE

$ 4.20

-0.17 -4.00%

Volume: 184,643

Feb. 6, 2023 1:26p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$535.83 million

Rev. per Employee

$791,657

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Robinhood Markets Inc.

US : U.S.: Nasdaq

$ 10.56

-0.19 -1.72%

Volume: 2.81M

Feb. 6, 2023 1:27p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$9.45 billion

Rev. per Employee

$400,424

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Renaissance IPO ETF

US : U.S.: NYSE Arca

$ 29.25

-0.43 -1.45%

Volume: 13,997

Feb. 6, 2023 1:12p

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S&P 500 Index

US : S&P US

4,110.84

-25.64 -0.62%

Volume: 0.00

Feb. 6, 2023 1:27p