IPOS - Grill maker Traeger's stock fires up Wall Street rising 30%+ following IPO

High-end grill maker Traeger (COOK) popped as much as 30%+ Thursday on its first trading day following an IPO that valued the company at more than $2B. COOK rose to as high as $23.74, up 31.9% from the initial public offering’s $18-a-share pricing. Shares later pulled back some, but were still changing hands at $22.68 shortly before noon ET, up 26%. Traeger is just one of several barbecue-grill companies to announce plans to go public recently. Rival firm Weber Inc. (WEBR) plans to stage an IPO shortly, while online grill retailer BBQGuys (BBQG) agreed to a SPAC merger with Velocity Acquisition (NASDAQ:VELO). Fire-pit company Solo Stove is also reportedly considering an IPO at more than a $1B valuation. This is a developing story. Check back for updates.

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Grill maker Traeger’s stock fires up Wall Street, rising 30%+ following IPO