Sources at the company confirm an S-1 is being filed today with the Securities and Exchange Commission. Update: Company filing here.
This is the first step in the IPO (initial public offering) process which should be completed in the next few months. More details to follow, but it is safe to say that consumers will soon be able to invest in one of San Diego’s top brands.
Ballast Point has enjoyed rapid growth over the past several years. Starting from humble Home Brew Mart in 1992 the company now has four locations in San Diego County, with another one on the way in Temecula. There, BP is renovating the old Captain’s Cabin location with a tasting room and kitchen component.
In the SEC filing, linked above, you can learn a lot about the company, whose proposed NASDAQ symbol is PINT. For example, the IPO is valued at $172.5 million, over half of their revenue is derived from sales in California, and BP sold 122,890 barrels of beer in 2014 ($48.9 million in net revenue).
Kevin de Comines says
WOW…great news, love the sculpin, Big Eye and other beers. Will be investing when the IPO comes out.
David Cantarero says
Do we have a date as to when this IPO will be made public? thank you
Mike Shess says
not yet - when we do, we will make some noise!