Aramark Makes SEC Filing to Hold IPO

Bloomberg News

Aramark Corp., a food vendor to entertainment arenas and institutions, filed Tuesday to go public in a stock sale initially estimated to raise as much as $600 million.

Philadelphia-based Aramark filed with the Securities and Exchange Commission for an initial public offering of an unspecified number of Class B common shares.

Aramark didn't set a price range for the shares. The company valued the stock sale at $600 million to calculate its SEC registration fee.

The company hired Goldman, Sachs & Co. (GS), J.P. Morgan Securities Inc. and Morgan Stanley Dean Witter & Co. (MWD) to underwrite the stock sale. Aramark plans to list the Class B shares on the New York Stock Exchange under the symbol RMK.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
64°