Tim Hortons 发行股票

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Tim may tap $580-mln
3 {+ f! G, ]/ a* T- HAssociated Press
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4 z$ b9 x% B0 j2 [5 [8 [8 DDUBLIN, 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。

Wendy'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。
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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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& F& q, S7 r- ~1 vMost 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。

  _3 I' q2 d3 F4 B8 sThe 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.
' R% y) u! l: x1 h会在多伦多、纽约证券交易所交易，交易代码THI
+ o' l- C! s4 i4 G; g& N* T2 AThe 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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Tim Hortons has made steady sales gains during a sluggish year for Wendy's, the nation's third-largest burger chain.
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0 j! `# `* \0 f, XTim 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.
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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.

( n) ]0 ?& S$ f4 f5 J# r# N1 |Burger King Holdings Inc. has announced plans to go public as well.