PE-Backed Aramark Shoots For $5.3B Valuation In IPO

Law360, New York (December 2, 2013, 3:12 PM EST) -- Private equity-backed Aramark Holdings Corp. on Monday outlined plans to price its initial public offering between $20 and $23 per share, valuing the food services provider at roughly $5.3 billion in its third go-round as a publicly traded company.

An updated prospectus shows that the Philadelphia company plans to put 36.3 million shares into public hands, raising $833.8 million if the stock prices on the high end of the given range. Of the total units covered in the offering, Aramark is selling 28 million shares and...
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