Traeger Inc. Files for IPO

[TraegerPants]

The company, currently named TGPX Holdings I, has put down a listing size of $100 million, a placeholder amount that will likely change, documents with the U.S. Securities and Exchange Commission showed. It is expected to list on the New York Stock Exchange under the symbol COOK.

https://www.bloomberg.com/news/arti...-000-barbecue-grill-traeger-files-for-u-s-ipo

More beholden to the bottom line and shareholder expectations of earnings may not be a positive going forward.

 

[Jim G]

If Traeger is cash strapped, an IPO may be good news for Traeger owners. If and only if they use the extra cash generated to solve issues or purchase technology to improve product quality and product consistency.

 

[primeone]

I love the product, but not sure I'd buy the stock just yet. It's one I'll definitely follow though. Anyone else buying shares on the IPO?

 

[Murphy's Law]

Looks like IPo's are all the rage now. BBQguys, Solo Stove and Weber also have or will file, as well. I think the industry got a big boost in the arm due to COVID and now they want to take advantage of it.

 

[Timmy]

I love the product, but not sure I'd buy the stock just yet. It's one I'll definitely follow though. Anyone else buying shares on the IPO?

I don’t even know what an IPO is……

 

[John S.]

Initial public offering, Traeger s first time offering stoCS to the public…

 

[Timmy]

Initial public offering, Traeger s first time offering stoCS to the public…

Ok. Thanks

 

[FlyersFan76]

Not that it means anything but Traeger is ringing the opening bell this morning.

I wonder if they will be standing on an Orange mat.

 

[Murphy's Law]

If Traeger is targeting $18 they will probably only get to $12 and tell everyone their accuracy is ok and it’s “normal fluctuation!

Traeger Math!

 

[DVSCYCLES]

If Traeger is targeting $18 they will probably only get to $12 and tell everyone their accuracy is ok and it’s “normal fluctuation!

Traeger Math!

Closed today at $22 a share.

 

[MidwestSmoker]

This was always unrealistic, but I was hoping that one day Traeger would return to making the grills in the US. Now that they are a public company beholden to Wall Street, there is almost no chance of this. Quarterly earning and profits will be the only things that matter.

 

[primeone]

Closed today at $22 a share.

Wow, everyone please thank me for not buying it.

If I would have bought it, it would have closed at $12!

 

[DVSCYCLES]

Wow, everyone please thank me for not buying it.

If I would have bought it, it would have closed at $12!

By the time I placed an order yesterday it went to $22.50 so I'm down a little but it came back a little more today. Let's see what happens next week.

 

[primeone]

Trading at $31.85, nearly a double! Congrats to those that bought and hold.

 

[DVSCYCLES]

Trading at $31.85, nearly a double! Congrats to those that bought and hold.

So far I have 40% return on my money in just 2 weeks.