McDonald's Franchisee Files $1B IPO
Tweet
Share
E-mailGet Alerts MCD Hot Sheet
Price: $279.84 +2.61%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.7%
Revenue Growth %: +4.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.7%
Revenue Growth %: +4.8%
Join SI Premium – FREE
How much can you make as a McDonald's (NYSE: MCD) franchisee? Ask Woods Staton, CEO if Arcos Dorados Holdings, he knows the answer.
In an F-1 filing with the U.S. Securities and Exchange Commission today, Arcos Dorados Holdings, Inc. (NYSE: ARCO), filed for an IPO of 62,461,539 Class A Common Stock. With a proposed maximum offering of $15 per share (tentative to change), that amounts to a $1.08 billion dollar company.
A McDonald's franchisee.
Of the total shares, Arcos Dorados will be offering 12,461,539, and Selling Shareholders will be offering 50,000,000 Class A Common Shares.
They plan to list on the New York Stock Exchange under the ticker "ARCO."
Woods Staton intends on buying two million Common at the public offering price.
The Stock will be offered through BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Itau BBA, and Citi.
Arcos Dorados operates 1,755 McDonald's-branded restaurants throughout LatAm and the Caribbean, which represent 6.7% of McDonald’s total franchised restaurants worldwide at the end of 2010.
In an F-1 filing with the U.S. Securities and Exchange Commission today, Arcos Dorados Holdings, Inc. (NYSE: ARCO), filed for an IPO of 62,461,539 Class A Common Stock. With a proposed maximum offering of $15 per share (tentative to change), that amounts to a $1.08 billion dollar company.
A McDonald's franchisee.
Of the total shares, Arcos Dorados will be offering 12,461,539, and Selling Shareholders will be offering 50,000,000 Class A Common Shares.
They plan to list on the New York Stock Exchange under the ticker "ARCO."
Woods Staton intends on buying two million Common at the public offering price.
The Stock will be offered through BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Itau BBA, and Citi.
Arcos Dorados operates 1,755 McDonald's-branded restaurants throughout LatAm and the Caribbean, which represent 6.7% of McDonald’s total franchised restaurants worldwide at the end of 2010.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Quantinuum closes $1.68 billion IPO at $60 per share
- Planet Labs files for $1.5 billion stock offering
- Liftoff closes $502.6 million IPO with full underwriter option exercise
Create E-mail Alert Related Categories
IPOs, Insiders' BlogRelated Entities
JPMorgan, Citi, Morgan StanleySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
