Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, June 17, 2022

Article Excerpt

WINC INC., $1.64, symbol WBEV on New York, is an online wine club and a producer of wines. Founded in 2011 as the Club W wine club, it added its own proprietary wine products in 2014, launched a wholesale program in 2015, and then re-branded as Winc in 2016. The company went public on November 10, 2021, selling 1.69 million of its shares at $13.00. The shares have fallen by 85% since its IPO. Winc typically provides the first-time buyer with a discounted purchase of four bottles of wine. That’s an incentive for the customer to sign up for a Winc.com membership. To get started with Winc, you take a one-minute palate profile quiz, and from there, Winc gives you recommendations you might like. The survey is designed to assess the subtleties of the palate, and asks about things like coffee preferences, whether you like citrus or earthy notes in food, and degrees of adventurous eating. On April 25, 2022, Winc launched Wonders, an…

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