Aramark (ARMK) Prices 36.25M Common IPO at $20/Share
Get Alerts ARMK Hot Sheet
Price: $54.55 +1.15%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: +6.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: +6.3%
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Aramark Holdings Corporation (NYSE: ARMK) announced the pricing of its initial public offering of 36,250,000 shares of its common stock at a public offering price of $20.00 per share. The shares are expected to begin trading on December 12, 2013 on the New York Stock Exchange ("NYSE") under the symbol "ARMK."
A total of 28,000,000 shares are being offered by Aramark and 8,250,000 shares are being offered by existing stockholders. Certain of the selling stockholders have granted the underwriters an option to purchase up to 5,437,500 additional shares of common stock to cover over-allotments, if any. The offering is expected to close on December 17, 2013, subject to customary closing conditions.
Goldman, Sachs & Co., J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, and Morgan Stanley & Co. LLC are acting as joint book-running managers and the representatives of the underwriters, Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets LLC, and Wells Fargo Securities, LLC are acting as bookrunners, and Robert W. Baird & Co. Incorporated, PNC Capital Markets LLC, Rabo Securities USA, Inc., Samuel A. Ramirez & Company, Inc., Santander Investment Securities Inc., SMBC Nikko Securities America, Inc., and The Williams Capital Group, L.P. are acting as co-managers of the offering.
A total of 28,000,000 shares are being offered by Aramark and 8,250,000 shares are being offered by existing stockholders. Certain of the selling stockholders have granted the underwriters an option to purchase up to 5,437,500 additional shares of common stock to cover over-allotments, if any. The offering is expected to close on December 17, 2013, subject to customary closing conditions.
Goldman, Sachs & Co., J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, and Morgan Stanley & Co. LLC are acting as joint book-running managers and the representatives of the underwriters, Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets LLC, and Wells Fargo Securities, LLC are acting as bookrunners, and Robert W. Baird & Co. Incorporated, PNC Capital Markets LLC, Rabo Securities USA, Inc., Samuel A. Ramirez & Company, Inc., Santander Investment Securities Inc., SMBC Nikko Securities America, Inc., and The Williams Capital Group, L.P. are acting as co-managers of the offering.
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