- Mar
- 24
- 2006
- 4:16 PM
Tim Hortons raises a lotta dough(nuts)
- By: Ray Pellecchia
- File Under: NYSE
Tim Hortons listed on the Big Board today, the third NYSE IPO this year by a leading restaurant company, and the 15th IPO of 2006 here (news release says 14, but it doesn't reflect the addition of Banco Macro, also added today).
THI raised $671 million in its IPO, and proceeds raised by IPOs listing on the NYSE this year are heading north of $6 billion.
All I know is this: THI treated everyone here to free coffee and doughnuts today, and your humble blogger has had enough to slake a police precinct. THI has 2,607 restaurants in Canada compared with 291 in the U.S., and if I don't run across one soon I'm going to have get Yankee-Blue Jay tickets and do a road trip to Toronto.
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