All posts tagged: Merlot

Napa Valley’s Duckhorn To Raise $100 Million in First Public Offer

Duckhorn Wine Company, a Napa Valley-based portfolio of wineries headed by Duckhorn Vineyards, filed a notice with the U.S. Securities and Exchange Commission (SEC) on February 23, announcing its intention to go public and raise $100 million in an initial public offering. However, Renaissance Capital estimates it could increase up to $300 million. Based in Napa Valley, Duckhorn has been operated by TSG Consumer Partners since 2016, a private equity company headquartered in San Francisco that controls $9 billion in assets. On February 23, they have listed under the symbol NAPA to trade on the New York Stock Exchange. Duckhorn Vineyards, Decoy, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Canvasback, Greenwing (in Washington State), and Postmark, are among the premium wines Duckhorn Vineyards manufactures and offers in all 50 states and over 50 countries at rates varying from $20 to $200 a glass. The organization still manages and maintains eight state-of-the-art wineries and 22 sustainably farmed Estate vineyards spanning 843 acres. For the twelve months ending October 4, 2020, The Duckhorn Portfolio was the biggest premium …