After a couple of years as a privately held company, Burger King Worldwide Inc. (NYSE: BKW) will trade publicly again, beginning today on the New York Stock Exchange. There is no IPO, however, and only 16% of Burger King’s shares will be available to the public at all.
The investment firm that owns Burger King, 3G Capital, sold a minority stake in the company to London-listed Justice Holdings for $1.4 billion in April. 3G Capital retained a 71% stake in Burger King. As part of the deal, Justice Holdings suspended trading in London and re-emerges today as Burger King Worldwide Inc. on the NYSE.
Burger King claims only about a third as many stores worldwide — 12,500 — as McDonald’s Corp. (NYSE: MCD) and has plans to open as many as 1,000 new stores in China over the next several years, where Yum! Brands Inc. (NYSE: YUM) claims leadership.
Burger King also expects to open hundreds of new stores in Russia in the next few years. The company’s recent expansion stores have been heavily concentrated in Europe, the Middle East, and Africa.
Paul Ausick
“The Next NVIDIA” Could Change Your Life
NVIDIA has returned 250-fold in the past 10 years as artificial intelligence took off.
But if you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.
The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”
The report outlines key breakthroughs in AI and the stocks ready to dominate the next wave of growth. The report is absolutely free. Simply enter your email below
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.
