CKE raises outlook for IPO
CKE, Inc., which operates Carl’s Jr. and Hardees restaurant chains, has raised its expectations for an initial public offering (IPO), according to Reuters.
The company said it expects to raise as much as $230 million in its IPO. The company had filed for an IPO of up to $100 million in May. CKE said it would apply to list its stock on the New York Stock Exchange under the ticker symbol ‘CK.’ The move comes as CKE moves to expand Hardee’s and Carl’s Jr. restaurant locations.
Apollo Management took CKE private in 2010 in a deal worth $700 million.