The Duckhorn Portfolio announced the successful closure of its underwritten public offering of 23 million shares of common stock at a price of $15.00 per share. This includes 13,333,333 shares from Duckhorn and 9,666,667 shares from existing stockholders, reflecting full exercise of underwriters' option for an additional 3 million shares. The stock is traded under the ticker symbol NAPA. No proceeds were received by Duckhorn from the stockholders’ shares.
The Duckhorn Portfolio has announced the pricing of its initial public offering (IPO) of 20 million shares at $15.00 per share. The offering includes 13,333,333 shares from Duckhorn and 6,666,667 shares from an existing shareholder, set to begin trading on the NYSE under the ticker symbol NAPA on March 18, 2021.
The IPO is expected to close on March 22, 2021, pending customary closing conditions. Additionally, underwriters have a 30-day option to purchase up to 3 million shares from the existing shareholder.