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Old 04-04-2017, 06:42 PM   #1
Potemkin
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Default Wait, there's more!

But wait, there’s an IPO: Austin’s Ronco files for public offering

Ronco Brands, a new Austin-based holding company for the maker of the Veg-o-Matic food processors and other iconic gadgets sold on late-night infomercials with the “but wait … there’s more” catchphrase, has filed to raise $30 million in an initial public offering.

And if investors act now, they can get a Ronco Rotisserie and Ronco Ready Grill along with their stock purchase — seriously.

The small company, incorporated less than two months ago as the parent of Ronco Holdings and its brands that include the Ronco Chiptastic Microwave Potato chip Maker, the Ronco 5 Minute Pasta Wizard and the Ronco Pocket Fisherman, among others, is valued at more than $100 million under the offering. William Moore, chief executive of Ronco Holdings, will control 97 percent of the shareholder voting rights once it’s completed.

More. http://www.statesman.com/business/bu...lmU9bMQCKZU6SL
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