A Look at Aramark's IPO

Aramark has announced that it has filed a registration statement (SR-1) with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The company intends to use the net proceeds from the offering to repay debt. The move had been rumored for several weeks in the financial business press. Goldman, Sachs & Co., J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, and Morgan Stanley will act as joint book-running managers for the proposed offering.