CKE sets terms for $200 million US IPO


CKE, Inc, a leading quick service restaurant company with over 3,240 locations and owner of the Carl's Jr brand, announced terms for its IPO on Monday. The Carpinteria, CA-based company plans to raise $200 million by offering 13.3 million shares (50% insider) at a price range of $14.00 to $16.00. At the midpoint of the proposed range, CKE, Inc would command a market value of $839 million.

CKE, Inc, which was founded in 1945 and booked $1.3 billion in sales for the 12 months ended 5/21/2012, plans to list on the NYSE under the symbol CK. Morgan Stanley, Citi and Goldman Sachs are the joint bookrunners on the deal.

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

This article appears in: News Headlines , IPOs

Referenced Stocks: CK

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