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Wednesday, February 01, 2006

Flame-Broiled IPO

Initial public offerings are generally associated with young companies looking to move to the next level, not venerable American institutions.  But now Burger King has announced that it plans on an IPO sometime around the end of this month.  It would be the first time in BK's 52-year history that it sold shares to the public.  AP story here.  Here's an interesting quote from CEO Greg Brenneman:

Our goal has always been to take Burger King public.  We believe the transparency and stability in ownership offered by being a public company will benefit our employees and franchisees for years to come.

For Business Organizations professors, the announcement might be a nice example of how IPOs are a financing mechanism, rather than a stage in every corporation's growth.

Posted by Matt Bodie on February 1, 2006 at 09:31 AM in Corporate | Permalink

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