Going Public: Fender's IPO Set at $13 to $15

Fender Musical Instruments Corp. -- makers of the Stratocaster, the Telecaster and countless other iconic guitars, amps, effects and more -- has announced that its initial public offering (IPO) will be priced at $13 to $15 per share.

The company, the largest seller of guitars in the U.S., expects to sell 10.7 million shares -- 7.1 million to be sold by Fender and 3.5 million to be sold by Weston Presidio, a private equity firm -- a move that could raise as much as $160.7 million, according to a filing with the Securities and Exchange Commission, latimes.com reports.

Thank you for reading 5 articles this month**

Join now for unlimited access

US pricing $3.99 per month or $39.00 per year

UK pricing £2.99 per month or £29.00 per year 

Europe pricing €3.49 per month or €34.00 per year

*Read 5 free articles per month without a subscription

Join now for unlimited access

Prices from £2.99/$3.99/€3.49

Damian Fanelli
Editor-in-Chief, Guitar World

Damian is Editor-in-Chief of Guitar World magazine. In past lives, he was GW’s managing editor and online managing editor. He's written liner notes for major-label releases, including Stevie Ray Vaughan's 'The Complete Epic Recordings Collection' (Sony Legacy) and has interviewed everyone from Yngwie Malmsteen to Kevin Bacon (with a few memorable Eric Clapton chats thrown into the mix). Damian, a former member of Brooklyn's The Gas House Gorillas, was the sole guitarist in Mister Neutron, a trio that toured the U.S. and released three albums. He now plays in two NYC-area bands.