Ballast Point is going public. While big brewer buy-ups of craftier options has been a recent talking point in the industry, few breweries have chosen the public route, save Boston Beer (Sam Adams) and Craft Brew Alliance (Redhook/Kona).
Ballast Point was founded in 1996 in San Diego and was ranked as the 31st largest craft brewery last year, with Sculpin IPA being among their most popular beers.
Fortune is reporting Ballast Point’s plans to go public after making 122,890 barrels last year and generating a revenue of $48.9 million. By filing with the Securities and Exchange Commission the company’s investors can cash out without turning ownership over to marketplace giants such as Anheuser-Busch and Molson Coors. Their Nasdaq ticker symbol will be the word PINT.