Register | Forums | Log in

Truett-Hurst cuts price of shares in IPO

Published: Tuesday, April 23, 2013 at 10:25 a.m.
Last Modified: Tuesday, April 23, 2013 at 10:25 a.m.

Truett-Hurst, the Healdsburg wine company that’s attempting to raise money from the public, has lowered the target price for shares in its initial public offering.

The price range for shares in the company is now $8.50 to $10.50, down from the earlier target range of $11 to $15, the company announced in a news release.

Truett-Hurst is raising money through the OpenIPO process, where potential shareholders bid for shares in an auction. The auction will close once the company has received enough bids from potential investors.

The date that the auction will close, once set for April 15, has been pushed back to April 24. Trading on the Nasdaq exchange will begin after the auction closes and prices have been set.

All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.

▲ Return to Top