Tuesday, August 30, 2005

Chipotle IPO

There are rumors that Chipotle Mexican Grill, the fast-food burrito and taco restaurant chain may be headed toward an initial public offering. McDonald's Corp is the majority owner of the Chipotle chain, but would not comment on their intentions regarding an IPO. [Chicago Trib]

McDonald´s Corp. said Wednesday (9/21) it plans to file for an initial public offering of a minority stake in its Chipotle Mexican Grill brand by the end of October, and expects to launch the IPO in the first quarter of 2006. [MarketWatch]

UPDATE (12/27/05):
Chipotle Mexican Grill Inc., a majority owned subsidiary of McDonald's Corp., plans to offer 7.9 million shares for between $15.50 and $17.50 a share in an initial public offering, according to a regulatory filing made Friday. McDonald's Ventures LLC plans on selling 1.8 million of the shares to be offered while Chipotle Mexican Grill plans on selling 6.1 million shares, according to the filing with the Securities and Exchange Commission. The Denver, Colorado-based company intends to apply for a New York Stock Exchange listing under the symbol "CMG". [CNN]

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