Tim Hortons 发行股票

如花

Tim may tap $580-mln
% N: H' L: p- M4 sAssociated Press
( D( v( A8 f6 J' K9 \" y/ G9 u
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。

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%
- f8 K1 o9 ?6 }' \4 G) G
9 b+ [: m0 K, ?+ S" Z1 w2 r: P. E+ BWendy'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。
( Q. N  |6 L7 G/ [$ o
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。
- ?" L6 ~6 A+ Y
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.
* K! M9 ?8 Z! ?会在多伦多、纽约证券交易所交易，交易代码THI
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
1 Q" D/ N# a  k; @$ \0 }; B
! l8 ~$ i# a6 u' h4 o, h- FTim Hortons has made steady sales gains during a sluggish year for Wendy's, the nation's third-largest burger chain.
8 i$ I7 V9 l2 i2 m! U" d$ N
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.

. e. s6 V5 U- C5 {/ tIn 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.
; w2 C7 L/ k" W3 w' U
$ D2 a1 L- _9 w. \6 W! K+ U  LBurger King Holdings Inc. has announced plans to go public as well.