Weber Inc. Announces Pricing of Initial Public Offering

PALATINE, Ill.--(BUSINESS WIRE)--Weber Inc. (“Weber”) today announced the pricing of its initial public offering of 17,857,143 shares of its Class A common stock at a public offering price of $14.00 per share. The shares are expected to begin trading on the New York Stock Exchange on August 5, 2021, under the ticker symbol “WEBR.” The initial public offering is expected to close on August 9, 2021 subject to customary closing conditions.

In addition, the underwriters have been granted a 30-day option to purchase up to an additional 2,678,571 shares of Class A common stock at the initial public offering price, less the underwriting discounts and commissions.

Goldman Sachs & Co. LLC, BofA Securities, Inc., and J.P. Morgan Securities LLC are acting as lead book-running managers for the proposed offering. BMO Capital Markets, Citigroup, UBS Investment Bank, Wells Fargo Securities, and KeyBanc Capital Markets are acting as joint book-running managers for the offering. Academy Securities, Cabrera Capital Markets LLC, Siebert Williams Shank, and Telsey Advisory Group are acting as co-managers for the offering.

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on August 4, 2021. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: [phone], facsimile: 212-902-9316 or email: [e-mail]; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, or email: [e-mail]; or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, email at [e-mail], or telephone: [phone].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

ABOUT WEBER INC.

Weber Inc., headquartered in Palatine, IL, is the world’s leading barbecue brand. The company’s founder George Stephen, Sr. established the outdoor cooking category when he invented the original charcoal grill nearly 70 years ago. Weber offers a comprehensive, innovative product portfolio, including charcoal, gas, pellet and electric grills, smokers, and accessories designed to help outdoor cooking enthusiasts discover what’s possible. Earlier this year, the company acquired June Life Inc., a smart appliance and technology company, to accelerate the development of its Weber Connect™ technology and digital products. Weber offers its barbecue grills and accessories, services, and experiences to a passionate community of millions across 78 countries.

Weber® is a registered trademark of Weber-Stephen Products LLC.

Weber Connect™ is a trademark of Weber-Stephen Products LLC.