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Grill Maker Weber’s IPO Goes From Sizzle to Fizzle

The Weber Connect smart grilling hub is displayed at the 2020 Consumer Electronics Show in Las Vegas on January 2020.
The Weber Connect smart grilling hub is displayed at the 2020 Consumer Electronics Show in Las Vegas on January 2020.Photographer: David McNew/AFP/Getty Images
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Weber Inc., showing the limits of barbecue grill makers going public, cut the size of its initial public offering by more than half and priced it below a marketed range to raise $250 million.

The Palatine, Illinois-based company sold slightly less than 18 million shares for $14 each, according to a statement. Weber had marketed almost 47 million shares for $15 to $17, which would have raised as much as $797 million.