Winc, Inc.
General Information | |
Business: | Winc is a digital wine club. Some call it a startup. The company was founded in 2011. From the prospectus: “We are one of the fastest-growing “at scale” wineries in the United States. Over the past two years, we have grown by approximately 80% in case volume sold, with the sale of over 430,000 cases in 2020. Our growth is fueled by the joint capabilities of our data-driven brand development strategy paired with a true omni-channel distribution network. Since March 2020, we have experienced a significant increase in DTC (Direct-To-Consumer) demand due to changes to consumer behaviors resulting from the various stay-at-home and restaurant restriction orders and other restrictions placed on consumers throughout much of the United States in response to the COVID-19 pandemic.” (Note: Winc, Inc., upsized its recently revived IPO at pricing on Nov. 10, 2021, to 1.69 million shares, up from 1.54 million shares, and priced its IPO at $13 – the middle of its $12-to-$14 price range – to raise $21.97 million. Earlier in November: Winc., Inc., had revived its IPO in an S-1/A filing dated Nov. 2, 2021, with much smaller terms: 1.54 million shares at $12 to $14 to raise $20 million – and changed underwriters to Spartan Capital Securities, LLC and Revere Securities. Previously, Winc, Inc. postponed its IPO of 5 million shares at $14 to $16 each to raise $75 million, Wall Street sources confirmed on Thursday, Oct. 21, 2021 – the date when the stock had been expected to start trading on the NYSE. SEC documents for the postponed IPO showed these bankers’ names: BofA Securities, Canaccord Genuity, Craig-Hallum and Roth Capital as joint book-runners with The Benchmark Company as the co-manager.) |
Industry: | BEVERAGES |
Employees: | 97 |
Founded: | 2011 |
Contact Information | |
Address | 1751 Berkeley St, Studio 3 Santa Monica, CA 90404, US |
Phone Number | (800) 297-1760 |
Web Address | http://www.winc.com |
View Prospectus: | Winc, Inc. |
Financial Information | |
Market Cap | $168.87mil |
Revenues | $70.7 mil (last 12 months) |
Net Income | $-6.5 mil (last 12 months) |
IPO Profile | |
Symbol | WBEV |
Exchange | NYSE |
Shares (millions): | 1.5 |
Price range | $13.00 - $13.00 |
Est. $ Volume | $22.0 mil |
Manager / Joint Managers | Spartan Capital Securities/ Revere Securities |
CO-Managers | - |
Expected To Trade: | 11/11/2021 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |