THE DRINK NATION IS A FREE RESOURCE FOR FINDING EVERYTHING AWESOME ABOUT DRINKING IN YOUR LOCATION

Ballast Point Brewing Company Files to Go Public

by Alexander Frane on Oct 21, 2015 in Beer

Ballast Point Brewing Company, the San Diego brewery and distillery, has announced its plans to go public and is filing the necessary forms with the United States Securities and Exchange Commission to do so. The company is currently valued at $172.5 million and has not yet announced the price of shares or amount of shares to be offered publicly. Control of the company will remain with its founder, who will maintain control over half of the shares.

The company began as a brewing supply store in 1992 and started producing beer in 1996. Its flagship product is the Sculpin IPA though it produces dozens of different nautical-themed beers and spirits, including canned cocktails like the Three Sheets Rum & Cola. Though the company has seen continual growth throughout the years, reliance on the southern Californian market has raised concerns. The public option will make for an influx of shareholder cash, and allow the company the capital to expand its products and maintain competitiveness in the constantly growing market of craft breweries.

As craft beers’ presence continues to grow in the beer market, reliance on local distributors and bars may not be enough to support a company. The public option may be a valid alternative to selling to a large beer company such as AB-InBev, like so many have done recently.

Photo via Ballast Point Brewing Company

 


Tags: Beer
Recent Articles

Feedback

How are we doing? Tell us what you like or don't like and how we can improve. We would love to hear your thoughts!

*Name:
*E-mail:
*Suggestions:
 
Drinking Wine is the Best Mental Exercise, According to Science

Drinking Wine is the Best Mental Exercise, According to Science

Can drinking wine actually be beneficial to your health? A professor of neuroscience at Yale may have found an answer....read more ›

by Alexander Frane Apr 12, 2017
This Summer, You Can Drink Your Rose Out Of a Forty

This Summer, You Can Drink Your Rose Out Of a Forty

A company called Forty Ounce Wines is now selling this warm-weather wine in forties, giving drinkers a whole new way to drink 'rose all day.'...read more ›

by The Drink Nation Apr 10, 2017
Follow in Anthony Bourdain's Footsteps with 'Explore Parts Unknown'

Follow in Anthony Bourdain's Footsteps with 'Explore Parts Unknown'

Ever feel inspired by celebrity chef Anthony Bourdain's world travels? Wish you could trace his steps and go o...read more ›

by Alexander Frane Apr 10, 2017
SPONSORED
Buffalo Trace is Now Aging Bourbon in 300 Year Old Barrels

Buffalo Trace is Now Aging Bourbon in 300 Year Old Barrels

Oak barrels are an essential part of what makes bourbon bourbon. For one, there's a legal requirement that bourbon be aged in newly charred oak contai...read more ›

by Alexander Frane Mar 31, 2017
Southern Tier Releases Girl Scout Cookie Flavored Beer

Southern Tier Releases Girl Scout Cookie Flavored Beer

New York based brewery Southern Tier has announced their latest spring release - 'Thick Mint,' an imperial stout brewed with chocolate and mint. ...read more ›

by Jessie Donofrio Mar 28, 2017
This Bartender Made Real-Life Versions of Cocktails from 'The Simpsons'

This Bartender Made Real-Life Versions of Cocktails from 'The Simpsons'

Have you ever dreamt of trying a cocktail only seen before in a cartoon, like the 'Flaming Homer' from The Sim...read more ›

by The Drink Nation Mar 23, 2017
Behind the Bar: Camille Ralph Vidal, Global Brand Ambassador for St. Germain

Behind the Bar: Camille Ralph Vidal, Global Brand Ambassador for St. Germain

In this installment of Behind the Bar, we were lucky enough to interview Madame St. Germain herself, Camille V...read more ›

by The Drink Nation Mar 23, 2017
Things No One Asked For: Prosecco-Flavored Nail Polish

Things No One Asked For: Prosecco-Flavored Nail Polish

If you're the kind of alcoholic who needs to have booze on your person at all times, Groupon has just the product for you: prosecco-flavored nail poli...read more ›

by Ryan Hudak Mar 22, 2017
The Sobro Refrigerator Coffee Table Means You Never Need to Get Up Again

The Sobro Refrigerator Coffee Table Means You Never Need to Get Up Again

A recent IndieGoGo campaign has resulted in a coffee table with everything you could want: the Sobro Refrigera...read more ›

by Alexander Frane Mar 22, 2017
Cold Brew Hard Coffee is Coming to Stores in May

Cold Brew Hard Coffee is Coming to Stores in May

Soon, you'll be able to enjoy cold brew coffee with the alcohol percentage of a strong beer with Bad Larry's Cold Hard Coffee. ...read more ›

by Alexander Frane Mar 17, 2017
SPONSORED
View all Articles

Sign up to get weekly drinking news, bar reviews, events and more sent directly to your inbox!

Close