Fender Guitars is getting all amped up for its IPO.
The world’s largest maker of guitars plans to sell 10.7 million shares priced between $13 and $15, raising about $160.5 million.
Fender was founded in the 1940s by Leo Fender, an electronics technician. Fast forward and Fender guitars and amplifiers are sold in 85 countries. The company sees growth ahead in emerging countries like China and India where there’s an increase in demand for guitars.
Yes, that’s me with my beautiful Fender. It’s pearl with a lava pick board. So, as you can see, it’s not only serious rock stars who play Fenders, but people who have dreams of becoming serious rock stars:)
The highest price ever paid for a guitar was $2.7 million for a Fender Stratocaster signed by a group of rock legends at a charity auction in 2005. Here’s the list of the 10 most expensive guitars ever, you need to read it, it’s pretty cool.
Fender will list on the Nasdaq under the ticker symbol FNDR. How about the ticker symbol PICK (as in guitar pick)?
And, to think it all started with an entrepreneur, an idea, and a lot of determination. That’s music to my ears. Rock on everyone.
Peace Love Profits,