26 days ago • Posted by William Ramstein
Duckhorn goes public... will the stock be as good as their Cabernet?
Duckhorn is a California wine producer who went public yesterday raising $300 million. In the heart of Napa Valley, the company is a pure play wine stock. Shares sold $15 apiece after marketing them for $14 and $16 each. The shares, which rose as much as 29%, closed at $17.18 in New York trading, giving the company a market value of $1.98 billion.