Roark Capital Selects Banks for Inspire Brands IPO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Roark Capital has picked banks to work on a U.S. initial public offering of Inspire Brands, the owner of fast-food chains Dunkin', Arby's and Jimmy John's, Bloomberg's Bailey Lipschultz reports, citing people familiar with the matter. The company selected JPMorgan (JPM) and Bank of America (BAC) for the listing, which could raise roughly $2B, the people said. An IPO could take place as soon as this year, Bloomberg News has reported. Inspire Brands is also working with Barclays (BCS), Goldman Sachs (GS), and Morgan Stanley (MS) on the offering, the sources added.
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Analyst Views on JPM
Wall Street analysts forecast JPM stock price to rise
19 Analyst Rating
11 Buy
7 Hold
1 Sell
Moderate Buy
Current: 309.950
Low
260.00
Averages
341.38
High
400.00
Current: 309.950
Low
260.00
Averages
341.38
High
400.00
About JPM
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. The Company operates through three segments: Consumer & Community Banking (CCB), Commercial & Investment Bank (CIB), and Asset & Wealth Management (AWM). Its CCB segment offers products and services to consumers and small businesses through bank branches, ATMs, digital and telephone banking. Its CIB segment consists of banking and payments and markets and securities services, and offers a suite of investment banking, lending, payments, market-making, financing, custody and securities products and services to a global base of corporate and institutional clients. AWM segment offers investment and wealth management solutions. It offers multi-asset investment management solutions, retirement products and services, brokerage, custody, estate planning, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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