Monday, October 25, 2021

Winc Postpones IPO

Santa Monica-based wine subscription service Winc postponed its IPO on Thursday. Winc has not announced the reason for the delay. Winc had filed to raised $75M in an IPO, selling 5 million shares at between $14.00 and $16.00 per share. Winc had filed to list on the NYSE as WBEV. Winc was founded in 2011. The IPO was being underwritten by BofA Securities, Canaccord Genuity, Craig-Hallum Capital Group, and Roth Capital.