Driven Brands (DRVN) IPO Opens 27% Higher
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Driven Brands Holdings Inc. Announces Pricing of Initial Public Offering
January 14, 2021 9:22 PM ESTCHARLOTTE, N.C., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Driven Brands Holdings Inc. (Driven Brands or the Company) today announced the pricing of its initial public offering of 31,818,182 shares of its common stock at a price to the public of $22.00 per share. Driven Brands is the largest automotive services company in North America, with a portfolio of highly recognizable brands that fulfill an extensive range of consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash.
Driven Brands has granted the underwriters a 30-day option to purchase up to an additional 4,772,727 shares of... More
