WBEV News

It was another busy week for the IPO market as 15 new issuers went public, with Rivian (RIVN) in the spotlight. The pre-revenue electric truck developer became the largest IPO of 2021, raising nearly $12 billion in the largest IPO since Alibaba (NYSE: BABA) in 2014, and popped 29% in its public debut. Rivian Automotive (RIVN) upsized and priced...read more

Winc, which sells premium branded wines primarily to monthly subscribers, raised $22 million by offering 1.7 million shares at $13, within the range of $12 to $14. The company offered 0.2 million more shares than anticipated. It originally planned to offer 5 million shares at a range of $14 to $16 before postponing in October, and then slashing the offering earlier this month. ...read more

Winc, which sells premium branded wines primarily to monthly subscribers, lowered the proposed deal size for its upcoming IPO on Tuesday following its postponement in October. In its latest filing, the company also changed its intended listing exchange to the NYSE American from the NYSE, and removed all of its former underwriters. The Santa Monica, CA-based company now plans to...read more

Winc, which sells premium branded wines primarily to monthly subscribers, postponed its IPO on Thursday. It had filed to raise $75 million by offering 5 million shares at a price range of $14 to $16. Winc states that it is one of the fastest growing at scale wineries in the US. Over the past two years, the company has grown by approximately 80% in case volume sold, with the...read more