Fresh Vine Wine, which produces low carb, low calorie premium wines in the US, filed on Friday with the SEC to raise up to $15 million in an initial public offering.
Fresh Vine Wine states that it is a premier producer of “better for you” low carb, low calorie premium wines in the US. The company crafts and bottles all of its wines in Napa Valley, offering varietals including Cabernet Sauvignon, Chardonnay, Pinot Noir, and Rosé. It expects to introduce a limited Reserve Napa Cabernet Sauvignon in 2022 and further expand its portfolio of product offerings in the future. Among the company's co-founders are celebrities and business partners Nina Dobrev and Julianne Hough.
The Plymouth, MN-based company was founded in 2019 and booked $1 million in sales for the 12 months ended June 30, 2021. It plans to list on the NYSE American under the symbol VINE. Fresh Vine Wine filed confidentially on September 27, 2021. Oak Ridge Financial is the sole bookrunner on the deal. No pricing terms were disclosed.
