Gig Harbor’s Heritage Distilling Goes Public with IPO

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Courtesy of Heritage Distilling Co. via Facebook

Gig Harbor-based Heritage Distilling Holding Co. Inc. began selling shares of common stock today after announcing an initial public offering price of $4 per share.

“We are public!” the website for the craft distiller of whiskeys, vodkas, gins, rums, and ready-to-drink canned cocktails announced in bold letters this morning.

Trading under the Nasdaq ticker symbol “CASK,” Heritage’s IPO of 1,687,500 shares of common stock was expected to generate gross proceeds of approximately $6.75 million, before deducting underwriting discounts and offering expenses, according to a news release before the market opened…

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