Tim Hortons 发行股票

如花

Tim may tap $580-mln
Associated Press

DUBLIN, 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。

4 Q0 z4 @% @& z; G  xWendy'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%
8 D3 |: F, D9 r8 O7 T7 b( H* u
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

Most 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。
7 |. ]/ z/ N5 W: N
The 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.
3 Z6 x! A+ e- s* T4 R* ~& _5 N  P) C会在多伦多、纽约证券交易所交易，交易代码THI
$ c3 i! S( d0 M# P4 y3 Y+ L' bThe 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

Tim Hortons has made steady sales gains during a sluggish year for Wendy's, the nation's third-largest burger chain.

; L: M' W& i" fTim 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.

/ X( t& C$ Q( jIn 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.

+ _) Q* s: K% X/ Y' m( pBurger King Holdings Inc. has announced plans to go public as well.