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Now is the turn for Burger King IPO
Posted by on April 4, 2012
As we already metioned Facebook IPO, now is the turn of BK. Burger King is preparing everything to start the process of IPO. Starting in New York, the process will take almost 90 days. According to the press, it seems like they are going to start this process after the sale of 29% of the company to the Justice Holdings fund, owned by the investor Bill Ackman. The price will be of at least 1,4 billion dollars.
The meaning investors of 3G Capital, the current owners of the enterprise, will continue to have 71% of the sharings. They’ve acquire 100% of the enterprise in 2010 for 4 billion dollars, what at the time cost 1,2 billion to 3G and the rest was raised in the market and then converted into debts to the company. Considering the proportion of the sellings to the Justice Holdings this equals four times the value that was paid by 3G.
Today Burger King is not in the ranking of the most valuable companies in the World, however is an enterprise that is growing a lot. Mcdonald’s stills in the top as one of the most valuable brands in the world, and even KFC is the list of the best 100.
The fast food restaurant is taking place in some cities around the world as a new option, such as in São Paulo, for example. The franchises of the group in Brazil represent one of the biggest numbers of check-ins at Foursquare. The BKs unities received more than 270 thousand check-ins in about 1.845 registered places, taking the third place in te check-ins rankings of the country, what also confirms the development of the brand in new markets such as the brazilian one.
