Grilling up an IPO

Outdoor-grill maker Weber said Tuesday it expects to raise nearly $797 million through an initial public offering in the US, targeting a valuation of more than $5 billion.

The coronavirus pandemic has been an especially busy time for outdoor dining, with many consumers taking up home-improvement projects, including building out decks and patios, which means more backyard grilling.

Grill companies Traeger and BBQ Guys also plan to go public.