graphic
graphic  
graphic
Markets > IPOs
graphic
Sources: Domino's to go public
Bain Capital seen offering slices of pizza IPO this summer; SEC filing expected this week.
August 12, 2002: 4:09 PM EDT
By Luisa Beltran, CNN/Money Staff Writer

NEW YORK (CNN/Money) - Domino's Inc., the world's top pizza delivery company, could file for an initial public offering before the end of the summer, people familiar with the offering told CNN/Money.

Bain Capital, which owns 93 percent of Domino's, may file for the IPO with the Securities and Exchange Commission as soon as this week. However, the offering could still be pulled due to poor market conditions, sources said.

It was unknown how much Bain would offer in the Domino's IPO or which underwriters would be used on the transaction. Ann Arbor, Mich.-based Domino's operates a network of nearly 7,100 owned and franchised stores. Last year, the company sold 400 million pizzas in the United States.

Domino's competes against Pizza Hut, the world's largest pizza restaurant chain (Domino's is No. 2) which is owned by Yum! Brands Inc. (YUM: Research, Estimates) Other rivals include Papa John's International Inc. (PZZA: Research, Estimates), and Little Caesar Enterprises Inc, a unit of Ilitch Holdings Inc.

The Domino's IPO will come at a relatively slow time for new issues, with the number of deals down 34 percent this summer. Since June 1, 30 IPOs have priced, raising $8.25 billion. Last year, 46 transactions hit the IPO market by Aug. 12, raising $15.8 billion, according to data from Dealogic, a New York-based investment banking research firm.

The last restaurant-related IPO came from Red Robin Gourmet Burgers Inc., a restaurant chain, which went public in July. Shares of Red Robin (RRGB: Research, Estimates) traded near their $12 IPO price Monday.

The Domino's IPO also caps a busy time for Bain, a Boston-based private equity firm. Bain, along with Texas Pacific Group and Goldman Sachs Capital Partners, agreed to buy Burger King from Diageo PLC for $2.3 billion cash in July.

Spokesmen for Domino's and Bain declined comment.  Top of page




  More on MARKETS
Dow hits another 13-month high
The dollar is weak because ...
Gold surges to a record high
  TODAY'S TOP STORIES
10 states face financial peril
Dow hits another 13-month high
HP to buy 3Com for $2.7 billion




graphic graphic

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.