Bloomin’ Brands Inc., the
The company, which first filed for the IPO in April, expects shares to be priced between $13 and $15 each. Bloomin' and its stockholders will together sell 21.4 million shares.
In addition to Outback, Bloomin' also owns Carrabba's Italian Grill, Bonefish Grill and Fleming's Prime Steakhouse & Wine Bar -- at toal of nearly 1,250 restaurants.
Once public, the company will trade as BLMN on the
In the three months ended March 31, Bloomin' brought in $1.1 billion in revenue and $50 million in profit. Average checks at its restaurants range from $20 at Outback to $68 at Fleming's.
Several other major chains have recently decided to go public. CKE Inc., owner of Carl’s Jr., filed for an IPO in May.