Tim Hortons 发行股票

如花

Tim may tap $580-mln
' ~. F' d  I' Q# m; Z# T9 ~4 r; mAssociated Press
2 ?' S2 A7 {0 G! k' a# K
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 $20 (U.S.) per share in its upcoming initial public offering. 发行2千9百万股票，价格18-20美元，即将进入公开招股程序。
, L2 W6 D8 x0 E$ |4 N, T* [9 u* _
% S& p4 C& f1 f, L; YWendy'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%
6 B' V6 @) X7 `$ P. w
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 $3.8-billion. 若以20发行，会为TIM筹得5亿8千万的资金，TIM的总市值达38亿
! D) I3 x5 U5 z
; x2 s5 b4 S% R) z$ a% `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。
$ w7 A" s2 @% ~( Q  M5 R% K$ s
/ w3 _% Z$ T1 K; R7 eThe 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.
会在多伦多、纽约证券交易所交易，交易代码THI
- ?6 S' A; N. e- o; |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
$ _" J2 @3 w& L, ~- T- w+ }* ?
Tim Hortons has made steady sales gains during a sluggish year for Wendy's, the nation's third-largest burger chain.
& P4 G+ j! c2 @, O0 W' J, k
3 K0 j. S8 o1 E2 Q6 mTim 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.
5 Q7 h+ S7 R+ t" \' w& _  {3 A9 s  d
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.
! M+ g2 Q, l# Z7 i
Burger King Holdings Inc. has announced plans to go public as well.