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Fresh Vine Wine Priced, NYSE American: VINE

Produces low carb, low calorie premium wines in the US.

Industry: Consumer Staples

Latest Trade: $0.74 -0.02 (-2.7%)

First Day Return: -29.5%

Return from IPO: -92.4%

Industry: Consumer Staples

We are a premier producer of low carb, low calorie premium wines in the United States. Our wines have rapidly gained visibility, credibility, and a loyal national customer base. We craft and bottle all of our wines in Napa Valley and believe we are the premier premium option in the rapidly growing “better for you” category of wines. Offering bold, crisp, and creamy wines that embody health, warmth, and a deeper connection to wellness and an active lifestyle, we offer a unique and innovative collection of today’s most popular varietals. Our varietals currently include our Cabernet Sauvignon, Chardonnay, Pinot Noir, and Rosé, and we expect to introduce a limited Reserve Napa Cabernet Sauvignon in 2022. We intend to further expand our portfolio of product offerings in the future. Our wines are strategically priced between $15 and $22 per bottle -- price points that support a premium product strategy, appeal to mass markets, and allow us to offer significant value across all consumer distribution channels. Nina Dobrev and Julianne Hough are two of our co-founders. Our sales channels include wholesale, retail, and direct-to-consumer (DTC) channels. We are able to conduct wholesale distribution of our wines in all 50 states and Puerto Rico, and we are licensed to sell through the DTC channel in 42 states.
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IPO Data
IPO File Date 11/12/2021
Offer Price $10.00
Price Range $9.00 - $10.00
Offer Shares (mm) 2.2
Deal Size ($mm) $22
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/13/2021
Offer Price $10.00
Price Range $9.00 - $10.00
Offer Shares (mm) 2.2
Deal Size ($mm) $22
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Oak Ridge Financial
Boustead Securities
Company Data
Headquarters Plymouth, MN, United States
Founded 2019
Employees 12
Website www.freshvinewine.com

Fresh Vine Wine (VINE) Performance