|
 |
|
|
Outback Steakhouse operator, BLMN, IPO'd today offering 16m shares. |
|
|
Released on Wednesday, August 8, 2012, 4:30 PM ET
Pittsburgh, PA (SpeculatingStocks) - In the busiest IPO week since the Facebook IPO, Bloomin' Brands (NASDAQ:BLMN) went public offering 16 million shares priced at $11 per share. Bloomin' Brands originally planned to offer 21.4 million shares at between $13 and $15 per share, but backed off that level of offering. The underwriters for the IPO were BofA Merrill Lynch, Morgan Stanley, JPMorgan and Deutsche Bank Securities.
BLMN traded approximately 10.7 million shares today while trading in the green throughout the session and closed up 12.82% to $12.41. Interesting enough, Bloomin' Brands was backed by US private equity firm Bain Capital, who should see a nice exit from their position.
Bloomin' Brands is the owner and operator of 1,247 restaurants as well as another 195 operating under franchise or joint venture agreements. Some other restaurants than Outback Steakhouse run by Bloomin' Brands include Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar.
Find more stocks on the SpeculatingStocks homepage.
Comments:
|
|
