Skip to main content
You are the owner of this article.
You have permission to edit this article.

Napa Valley's Duckhorn plans debut on New York Stock Exchange

From the Napa Valley Wine Insider Digest: Feb. 27, 2021 series
Duckhorn Wine Company

The Duckhorn estate house.

The Duckhorn Portfolio intends to make its stock market debut in coming months, the St. Helena-based wine producer confirmed via press release yesterday.

The company has filed a registration statement with the Securities and Exchange Commission (SEC), according to the press release – a key step toward making an initial public offering (IPO) of its stock on the New York Stock Exchange. News of the company’s intent to do so was first reported by Bloomberg in early February.

“The number of shares to be offered and the price range for the proposed offering have not yet been determined,” Duckhorn wrote in its press release. “Duckhorn intends to apply to list its common stock on the New York Stock Exchange under the symbol ‘NAPA.’”

The filing does not immediately make Duckhorn Portfolio a public company, but puts it on that path, Vice President of Consumer Marketing Belinda Weber confirmed in an email.

“We are excited about this milestone for our company,” Weber said, adding the company was unable to comment on details in light of SEC regulations that embargo public discussion of the stock ahead of its IPO.

The move positions Duckhorn, whose labels include Paraduxx, Kosta Brown, Canvasback and Migration, to join a small group of Napa Valley producers (or their parent companies) that have become publicly traded companies in the past – including the industry giant Constellation Brands, which owns several Napa Valley properties including Robert Mondavi Winery, and Treasury Wine Estates, whose portfolio includes Stags’ Leap and Beringer Vineyards.

While going public has traditionally been something of a risky endeavor for even large, stable wine producers – take Sonoma’s Ravenswood Winery, which IPO’d in the late 1990s for $11 million but has since been “all but abandoned” by now-owner E. & J. Gallo, the San Francisco Chronicle noted – Duckhorn’s size and profitability could potentially uniquely position it to succeed. The company produces 1.1 million cases annually, according to Wine Business, and owns ten different labels, according to its website.

Sonoma County’s Vintage Wine Estates – another large North Bay producer – also plans to go public this spring, the Chronicle reported, though in order to do so it is merging with an already-public special purpose acquisition corporation (SPAC). (SPACs are typically created with the explicit intention of purchasing a smaller, private company to take public.)

Duckhorn filed with the SEC for an IPO worth up to $100 million, according to the investment research and management firm Renaissance Capital. That initial estimate of worth may be a placeholder, the firm wrote in an article on, for a deal that could raise as much as $300 million.

Watch now: Preliminary grape crush report reveals Napa Valley production down almost 40%

Napa County’s wine industry crushed just under 100,000 tons of grapes in 2020, according to a preliminary crush report from the California Department of Food and Agriculture, marking an almost 40% decline year over year.

Photos: Napa Valley grape harvest 2019

Most-read Napa County wine stories of 2019

These 10 Napa County wine stories garnered the most page views on the Napa Valley Register website and were most popular with our online readers in 2019.

You can reach Sarah Klearman at (707) 256-2213 or

Pop the cork on Napa Valley wine!

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Wine Industry Reporter

Wine industry reporter at the Napa Valley Register.

Related to this story

Get up-to-the-minute news sent straight to your device.


News Alerts

Breaking News