The Duckhorn Portfolio Inc, a luxury wines premier scaled producer, has filed Amendment No 2 to Form S-1 Registration Statement on March 10, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $300 million by offering 20 million shares at a price range of $14 to $16. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $1.8 billion.
The company sells wines in all 50 states and over 50 countries at SRPs ranging from $20 to $200 per bottle under a world-class luxury portfolio of brands, including Duckhorn Vineyards, Decoy, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Canvasback, Greenwing and Postmark.
The Saint Helena, California-based company was founded in 1976 and booked $290 million in sales for the 12 months ended October 31, 2020. It plans to list on the NYSE under the symbol “NAPA.” J.P. Morgan, Credit Suisse and Jefferies are underwriters of the IPO.
The company engages Ropes & Gray LLP as US Securities Counsel, and PricewaterhouseCoopers LLP as Independent Auditor.
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