Hardee's parent CKE files for $100 million US IPO


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CKE, a leading quick service restaurant company with over 3,240 locations and the owner of the Carl's Jr. and Hardee's brands, filed on Thursday with the SEC to raise up to $100 million in an initial public offering. CKE operates 423 Carl's Jr and 469 Hardee's restaurants and franchises an additional 893 Carl's Jr and 1,452 Hardee's restaurants both domestically and internationally. CKE booked $1.3 billion in sales for the 12 months ended 1/31/2012 and had operating income of $69 million.

The once public company, which was founded in 1945, was taken private in 2010 after being acquired by Apollo Management for $649 million. The company plans to list on the NYSE under the symbol CK. No underwriters were named in the filing.

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This article appears in: News Headlines , IPOs

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