Traeger Readies $400 Million IPO Plan

Jul. 28, 2021 9:57 AM ETTraeger, Inc. (COOK) StockCOOK

Summary

  • Traeger has filed to raise $400 million in an IPO.
  • The firm sells cooking grills and related products to consumers.
  • COOK has performed impressively, with strong growth and other financial performance. The IPO appears reasonably priced, so is worth a look.
  • Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More »

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Quick Take

Traeger (NYSE:COOK) has filed to raise $400 million in an IPO of its common stock, according to an S-1/A registration statement.

The firm sells wood pellet cooking grills and related accessories and products.

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This article was written by

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Donovan Jones is a research specialist with 15 years of experience identifying opportunities for IPOs and public software companies.

He also leads the investing group IPO Edge, which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Investing in IPO stocks is an inherently volatile and opaque endeavor. My research is focused on identifying quality IPO companies at a reasonable price, but I’m wrong sometimes. I analyze fundamental company performance and my conclusions may not be relevant for first-day or early IPO trading activity, which can be highly volatile and unrelated to company fundamentals. This report is intended for educational purposes only and is not financial, legal or investment advice.

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