Bloomin' Brands Goes Public and Posts Modest Gains

Published on Wed, 08/08/2012 - 15:18
By FNNO Staff in analysis, blmn, bloomin' brands, business finance, fnno, market, news, stock, trading
blmn, bloomin' brands, fnno, business finance, trading, stock, market, analysis, news

Investors are getting a piece of that delicious blooming' onion…well a piece of Bloomin' Brands (NASDAQ:BLMN.O) anyway. The parent company of Outback Steakhouse when public today on the Nasdaq. It's initial public offering consisted of 16 million shares priced at $11 per stock.

Since its debut, Bloomin' Brands is up 14% on the day, up almost to $13 a share. The company also owns restaurant chains Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar. The IPO was backed by private equity firm Bain Capital.

By FNNO Staff
fnnonline@gmail.com

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