BDT-Backed Barbecue Grill Maker Weber Is Said to Plan IPO

BDT-Backed Barbecue Grill Maker Weber Is Said to Plan IPO

(Bloomberg) -- On the heels of the July 4 holiday, another U.S. grill maker is planning to go public.

Weber-Stephen Products LLC, the maker of Weber grills, is planning an initial public offering this year, according to people with knowledge of the matter. The company is seeking to be valued at $4 billion to $6 billion, one of the people said.

The company has tapped Goldman Sachs Group Inc. and Bank of America Corp. to lead the offering, the people said, asking not to be identified discussing private information.