Driven Brands IPO Info

Company Name: Driven Brands
Stock Symbol: DRVN
Exchange: NASDAQ
Status: Priced
IPO Date: 1/15/2021
IPO Price: 22.00 (17.59%)
Underwriters
Morgan Stanley & Co. LLC, BofA Securities and Goldman Sachs

Amount of Offering: N/A
Number of Shares Offered: 31.818 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Driven Brands, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash. Driven Brands is the parent company of some of North America’s leading automotive service businesses including Take 5 Oil Change®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, and CARSTAR®. Driven Brands has more than 4,100 centers across 15 countries, and services over 50 million vehicles annually. Driven Brands’ network generates approximately $900 million in revenue from more than $3 billion in system-wide sales.

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