Tim Hortons 发行股票

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Tim may tap $580-mln
. f; T6 q" n7 H# L0 n7 [& DAssociated Press
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6 u4 W. @) m9 I" T7 P3 V/ K( n6 oDUBLIN, Ohio — Canadian coffee and doughnut chain Tim Hortons Inc., which is owned by Wendy's International Inc., filed paperwork estimating it will offer 29-million shares in a price range of $18 to $20 (U.S.) per share in its upcoming initial public offering. 发行2千9百万股票，价格18-20美元，即将进入公开招股程序。

/ c/ X' v* {; G4 ?2 j- RWendy's, based in Dublin, Ohio, will continue to own about 85 per cent, or around 160-million shares, of Tim Hortons' common stock after the IPO, according to a filing Monday with the Securities and Exchange Commission. Wendy's stake could be reduced to about 83 per cent if the IPO's underwriters fully exercise an overallotment. Wendy's现时拥有Tim Hortons85%的权益，公开发行后，Wendy's的权益会降至83%
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Wendy's intends to spin off the remaining stake to its shareholders within nine to 18 months after the IPO, which is expected in March, according to the filing. Wendy's在Tim发行后9至18个月内会逐渐减持TIM的股票。

Under the $20 share price estimate, the IPO could raise $580-million for Tim Hortons. Including the shares Wendy's will retain, the chain would have a market capitalization of up to $3.8-billion. 若以20发行，会为TIM筹得5亿8千万的资金，TIM的总市值达38亿
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+ c' M, Z( E" |6 c- ?, WMost of the money raised will be used to pay off debt Tim Hortons owes its parent company. 所筹资金主要用于支付欠母公司的债务。

, ?. ?4 l9 q- d$ `" y6 p6 h9 @  hThe stock will trade under the symbol THI on the Toronto Stock Exchange and Tim Hortons has applied for the same symbol on the New York Stock Exchange.
! {& i: C, a! t- Q会在多伦多、纽约证券交易所交易，交易代码THI
The offering is being underwritten by Goldman Sachs, RBC Capital Markets Corp., JPMorgan Chase and Scotia Capital.股票由高盛、JP摩根等承销
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7 v8 `2 q+ p9 s- ?! oTim Hortons has made steady sales gains during a sluggish year for Wendy's, the nation's third-largest burger chain.
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Tim Hortons had 2,885 stores in Canada and the United States as of Jan. 1 and recorded revenues of $1.2-billion last year, according to Wendy's latest earnings report.

In a January offering of Chipotle Mexican Grill, owned by McDonald's Corp., nearly 7.9 million shares doubled in their first day of trading to close at $44.
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6 F! K& I( l1 H# Z! y2 KBurger King Holdings Inc. has announced plans to go public as well.