Duckhorn Going Public

By Neat Pour Staff |

The global economy may be suffering a historic downturn, but the stock market is trending And, the wine world is getting in on the action. The latest oenophillic icon to get in on the action is California’s legendary Duckhorn Vineyards.

“The number of shares to be offered and the price range for the proposed offering have not yet been determined,” the vineyard explained in a press release. “Duckhorn intends to apply to list its common stock on the New York Stock Exchange under the symbol ‘NAPA.’”

Founded in 1976 by Dan and Margaret Duckhorn, the producer is one of Napa’s old guard applauded for their Sauvignon Blanc and Merlots. The Duckhorn portfolio also includes Kosta Browne, Paraduxx, Migration, CanvasBack, Calera and Decoy wines. Since 2016, the company has been owned by private equity firm TSG Consumer Partners.

Initial filings with the Securities & Exchange Commission (SEC), Duckhorn’s net sales for 2020 were $270.6 million and net profits were about $32.4m.

Duckhorn is not alone. Last week, the UK’s Virgin Wines announced an IPO. Stateside, Vintage Wine Estates, announced plans to follow their merger with Bespoke Capital Acquisition Corp. by going public.

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