Shares offered cut by 1/4 to get IPO done; Lead Underwriters BofA, Morgan Stanley, JP Morgan, Deutsche Bank, Goldman Sachs Successfully Pull Off Relatively Rare August IPO For Restaurant Chain
August 7, 2012 6:50 pm EST – Bloomin' Brands (PrivCo Private Company Ticker: BLOOMP) has set its IPO price at $11 per share, below its initial range of $13-15 dollars.
- Bloomin' Brands (Outback, Carrabba's) will look to raise $176 million by offering 16 million shares, down from its original offering size (midpoint of initial range) of $321 million and 21.4 million shares.
- At a price of $11 per share, Bloomin' Brands would muster an implied valuation of $2.8 Billion.
