The OLE Health Foundation board of directors announced that the Napa Valley Vintners will be the recipient of the 2nd annual John Shafer Visionary Award.
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Shanken News Daily: Exclusive news and research on the wine, spirits and beer business shankennewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shankennewsdaily.com Daily Mail and Mail on Sunday newspapers.
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Last month, Napa’s Duckhorn Vineyards announced an IPO, or initial public offering, trading under the ticker “NAPA” on the New York Stock Exchange. As shares approached the $20 mark on its first day, Duckhorn Portfolio’s market cap briefly pushed past $2 billion.
A spokesperson for Duckhorn says that the company is currently in a mandatory SEC quiet period and unable to publicly comment. Its IPO is part of a wave of recent public offerings that demonstrate the financial potential of major U.S. wine brands in a volatile global market.
For some wine brands, an IPO grows both profitability and reach.
Duckhorn prepares for stock market listing - The Drinks Business thedrinksbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedrinksbusiness.com Daily Mail and Mail on Sunday newspapers.