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People have been eating and cooking more meals outdoors since the pandemic began, a trend driving several barbecue companies to go public.
Ben Hasty | MediaNews Group | Reading Eagle via Getty Images
The popularity of at-home barbecuing and grilling skyrocketed amid the pandemic as people stayed home and cooked more meals instead of dining out.
Now several leading barbecue companies are looking to take advantage of that growth through initial public offerings, including Traeger, which priced its initial public offering at $18 a share on Wednesday, the high-end of its anticipated deal range and at an implied $2 billion valuation. It began trading on the NYSE on Thursday under the ticker…
Source cnbc.com
