Burger King Franchisee Sets Price for IPO

It's not just franchisers who can have IPOs. Franchisees have been known to have initial public offerings too. This time the largest Burger King franchisee, based in Syracuse, New York has set a per share price between $14 to $16. And why the need for an IPO? The franchisee needs the huge influx of capital from an IPO to repay its $76 million in debt. [Read more at Asbury Park Press]

Photo downloaded by Thomas Ormston