19 January 2006

Another fast food IPO coming around the bend...next week

The Chipotle IPO is next week. Here's the news from MarketWatch:

11:56am 01/19/06
Chipotle IPO from McDonalds expected next week (MCD, REXI) By Steve Gelsi
NEW YORK (MarketWatch) -- Chipotle Mexican Grill is expected to offer 7.88 million shares at $15.50-$17.50 each in a bid to raise $144.5 million in an initial public offering next week. IPO analyst John Fitzgibbon expects the stock to gain $2-$3 a share once it debuts. Chipotle plans to trade under the symobl "CMG" on the New York Stock Exchange. A total of seven initial public offerings are on deck next week with the richest weighing in at $160 million from Resource Capital, a real estate investment trust managed by a unit of Resource America (REXI) .

Even though I had an enormous carnitas burrito last night (with both pinto and black beans, minus the rice), I'm still hungry for some CMG.

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