The Napa Valley winery said 20.0 million shares were sold in the IPO, 13.3 million shares directly from the company and the rest by selling shareholders.
- The IPO priced overnight at $15 a share, in the middle of the expected range of between $14 and $16 a share, as the company raised $200.0 million and was valued at about $1.73 billion.
- Opened 24% above its initial public offering price.
- The first trade was at $18.60 at 11:41 a.m. Eastern for about 1.8 million shares.
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