Spotlight: Napa’s Oldest Winery Plans $100-Million IPO

Beringer Wine Estates Holdings Inc., Napa Valley’s oldest continuously operating winery, plans to go public in a $100-million initial share offering. The St. Helena producer of well-known premium wines such as Beringer and Meridian Vineyards filed to register an initial public offering for up to 4.85 million Class B common shares. Beringer, which was founded in 1876, said it expects the shares to sell for between $21 and $23 each, according to the company’s filing with the Securities and Exchange Commission.