Bloomin' Brands prices IPO at $11, below the range

By Renaissance Capital,

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Bloomin' Brands, a leading casual dining restaurant company and owner of Outback Steakhouse, raised $176 million by offering 16 million shares (19% insider) at $11, below the range of $13 to $15. Bloomin' Brands plans to list on the NASDAQ under the symbol BLMN. BofA Merrill Lynch, Morgan Stanley, J.P. Morgan, Deutsche Bank and Goldman Sachs acted as lead managers on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: BLMN

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