Duckhorn Portfolio's Selling Stockholders To Offer 12M Shares

by Shivani Kumaresan, Benzinga Staff Writer

October 13, 2021 8:38 AM | 1 min read | Make a Comment

Duckhorn Portfolio Inc NAPA reported the commencement of a public offering of 12 million shares of its common stock by certain selling stockholders.
The selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 1.8 million shares of common stock.
Duckhorn will not receive any proceeds from the sale of the shares by the stockholders.
J.P. Morgan, Credit Suisse, and Jefferies are acting as joint lead book-running managers for the offering.
Price Action: NAPA shares closed higher by 1.50% at $22.40 on Tuesday.

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