Bloomin' Brands (BLMN) IPO Opens at $11.60

August 8, 2012 10:50 AM EDT
The IPO for Bloomin' Brands, Inc. (Nasdaq: BLMN) opened at $11.60 after pricing 16,000,000 shares of its common stock at $11.00 per share.

The offering is being made through an underwriting group led by BofA Merrill Lynch, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., and Goldman, Sachs & Co. who are acting as joint book-running managers. Jefferies & Company, Inc. is acting as co-lead manager of the offering. William Blair & Company, L.L.C., Raymond James & Associates, Inc., Wells Fargo Securities, and The Williams Capital Group, L.P. are acting as co-managers of the offering.

Bloomin' Brands, Inc. is a portfolio of brands comprised of Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse & Wine Bar and Roy's with more than 1,400 restaurants in 48 states and 20 countries and territories internationally.

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