Winc, Inc.
| General Information | |
| Business: | Winc is a digital wine club. Some call it a startup. The company was founded in 2011. From the prospectus: “We are one of the fastest-growing “at scale” wineries in the United States. Over the past two years, we have grown by approximately 80% in case volume sold, with the sale of over 430,000 cases in 2020. Our growth is fueled by the joint capabilities of our data-driven brand development strategy paired with a true omni-channel distribution network. Since March 2020, we have experienced a significant increase in DTC (Direct-To-Consumer) demand due to changes to consumer behaviors resulting from the various stay-at-home and restaurant restriction orders and other restrictions placed on consumers throughout much of the United States in response to the COVID-19 pandemic.” (Note: Winc, Inc., upsized its recently revived IPO at pricing on Nov. 10, 2021, to 1.69 million shares, up from 1.54 million shares, and priced its IPO at $13 – the middle of its $12-to-$14 price range – to raise $21.97 million. Earlier in November: Winc., Inc., had revived its IPO in an S-1/A filing dated Nov. 2, 2021, with much smaller terms: 1.54 million shares at $12 to $14 to raise $20 million – and changed underwriters to Spartan Capital Securities, LLC and Revere Securities. Previously, Winc, Inc. postponed its IPO of 5 million shares at $14 to $16 each to raise $75 million, Wall Street sources confirmed on Thursday, Oct. 21, 2021 – the date when the stock had been expected to start trading on the NYSE. SEC documents for the postponed IPO showed these bankers’ names: BofA Securities, Canaccord Genuity, Craig-Hallum and Roth Capital as joint book-runners with The Benchmark Company as the co-manager.) |
| Industry: | BEVERAGES |
| Employees: | 97 |
| Founded: | 2011 |
| Contact Information | |
| Address | 1751 Berkeley St, Studio 3 Santa Monica, CA 90404, US |
| Phone Number | (800) 297-1760 |
| Web Address | http://www.winc.com |
| View Prospectus: | Winc, Inc. |
| Financial Information | |
| Market Cap | $168.87mil |
| Revenues | $70.7 mil (last 12 months) |
| Net Income | $-6.5 mil (last 12 months) |
| IPO Profile | |
| Symbol | WBEV |
| Exchange | NYSE |
| Shares (millions): | 1.5 |
| Price range | $13.00 - $13.00 |
| Est. $ Volume | $22.0 mil |
| Manager / Joint Managers | Spartan Capital Securities/ Revere Securities |
| CO-Managers | - |
| Expected To Trade: | 11/11/2021 |
| Status: | Priced |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |