As the stock price rises, outdoor grill maker Weber makes its debut with a valuation of nearly $5 billion Reuters

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© Reuters. Traders work on the trading floor of the New York Stock Exchange (NYSE) during the initial public offering (IPO) of Weber Inc. in Manhattan, New York City, USA on August 5, 2021. REUTERS/Andrew Kelly

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(Reuters)-Weber Inc’s stock price rose by more than 20% when it debuted on the New York Stock Exchange on Thursday, and the outdoor grill manufacturer has a market value of approximately $5 billion.

Weber’s stock opened at $17, while its initial public offering (IPO) price was $14 per share.

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