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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 -5.84% 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 +1.03% , 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 +0.25% was little changed, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.91% gained 0.4%.

/zigman2/quotes/228383287/composite
US : U.S.: NYSE
$ 21.75
-1.35 -5.84%
Volume: 4.83M
Sept. 17, 2021 4:01p
P/E Ratio
40.83
Dividend Yield
N/A
Market Cap
$2.56 billion
Rev. per Employee
N/A
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/zigman2/quotes/228268942/composite
US : U.S.: Nasdaq
$ 42.38
+0.43 +1.03%
Volume: 5.00M
Sept. 17, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$36.25 billion
Rev. per Employee
N/A
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 69.39
+0.17 +0.25%
Volume: 227,622
Sept. 17, 2021 4:10p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,432.99
-40.76 -0.91%
Volume: 3.79B
Sept. 17, 2021 5:25p
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