Owner of Meineke, Maaco readies $700M+ listing
January 8, 2021- Share:
Driven Brands has revealed plans to offer 38 million shares for between $17 and $20 each in its upcoming IPO on the Nasdaq, with a midpoint pricing set to raise $703 million for the Charlotte-based company. Backed by Roark Capital Group, Driven Brands is a franchise-based provider of automotive services, with more than 4,100 locations operating under a variety of brand names such as Meineke and Maaco. Roark acquired the company in 2015.
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