12th Nov 2021 18:18
(Alliance News) - Burger King's UK unit has appointed two banks to assist on a London Stock Exchange float planned for next year, Sky News reported on Friday.
Bridgepoint Group PLC, which owns Burger King's UK operations, has hired Bank of America and Investec to lead the initial public offering, Sky reported.
Sky reported the IPO could value the unit at GBP600 million. Precise details for Bridgepoint's plan for the business are not certain, though a float is more likely than a sale to another private equity firm.
https://news.sky.com/story/burger-king-picks-banks-to-serve-up-600m-london-flotation-12466773
Bridgepoint itself floated back in July, pricing its IPO at 350 pence per share.
The stock closed at 548.00p on Friday, down 0.7% on the day but up 57% from its IPO price.
By Eric Cunha; [email protected]
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