Roark Capital Selects Banks for Inspire Brands IPO
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.
