Domino’s Pizza Turkey and Russia business aims for £331m valuation

0
4


DP Eurasia, the company that controls the Domino’s Pizza franchises in Turkey and Russia, has set a price range ahead of its initial public offering at the end of this month, aiming for a valuation of up to £331m as it seeks to emulate the success of other Domino’s franchisees.

The company has set its price range to between 200p and 230p per share, implying an initial market capitalisation of between £291m and £331m.

The mid-point of the price range would see the company offer £203m worth of shares, and give it a free float of 65 per cent.

£21m of the total would come from the issue of new shares, while existing owners Turkven – a Turkish private equity group – and DP chief executive Aslan Saranga receiving the rest of the proceeds.

DP will become the sixth big Domino’s company worldwide to IPO, and is looking to emulate the success that has shares in its peers rise as much as 1,600 per cent over the last decade.

The company expects its shares to begin trading on Jor around July 3.

Mr Saranga said:

DP Eurasia is a rapidly growing, market-leading fast food business in Turkey and Russia, using the proven Domino’s Pizza model that has delivered significant shareholder value in other listed master franchisees around the world.

We look forward to our future as a listed company, which combined with our well-established business model, will accelerate our growth plans in our highly attractive, under-penetrated markets.

Photo: Bloomberg



Source link

قالب وردپرس

LEAVE A REPLY

Please enter your comment!
Please enter your name here