Tim Hortons 发行股票

如花

Tim may tap $580-mln
Associated Press
& m- j. B; @3 {( ~8 h5 W
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 $20 (U.S.) per share in its upcoming initial public offering. 发行2千9百万股票，价格18-20美元，即将进入公开招股程序。
! ?! e8 k5 c) l+ G7 C0 u8 B2 A
# T8 p: [( s4 n) S- `Wendy's, based in Dublin, Ohio, will continue to own about 85 per cent, or around 160-million shares, of Tim Hortons' common stock after the IPO, according to a filing Monday with the Securities and Exchange Commission. Wendy's stake could be reduced to about 83 per cent if the IPO's underwriters fully exercise an overallotment. Wendy's现时拥有Tim Hortons85%的权益，公开发行后，Wendy's的权益会降至83%
: B7 F8 }. U( C7 ?$ k7 f
% A! F# U+ m5 PWendy'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。
" e" j  d9 H& j) L" p
" l; H9 @! d; D. y4 q! RUnder 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。

! @9 ^2 L) V! n. `) YThe 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.
) t- |6 u+ P6 @2 f" F会在多伦多、纽约证券交易所交易，交易代码THI
+ R: v1 b% ?8 [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

6 e; v, j) ~" c1 N7 S5 X5 eTim Hortons has made steady sales gains during a sluggish year for Wendy's, the nation's third-largest burger chain.
8 V+ F2 ^& u5 @& k# `
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.
6 B; ]1 e( q+ u( |6 r1 Q8 U  v/ c
; E% T0 X& y. E; F/ ^* X) OIn 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.

3 @1 E7 c6 W; c) M# U6 xBurger King Holdings Inc. has announced plans to go public as well.