US Foods Files Initial Public Offering Proposal
ROSEMONT, IL - Foodservice distributor US Foods’ parent company, US Foods Holding Corp., filed a proposal for an initial public offering (IPO) on Feb. 9th.
The company stated that the number of shares and the price range for the offering have not been determined, though Fortune reports that US Foods plans to raise $100 million, speculating that this number is likely to increase as more information comes to light.
US Foods has made a number of strides towards growth recently, including the acquisition of family-owned foodservice distributor Dierks Waukesha and deciding to double the size of its 123,000-square-foot facility in Fife, Washington, both just last December.
As it stands, the company currently pulls in $23 billion in annual revenue, according to Fortune, and plans to trade on the New York Stock Exchange under ticker symbol USFD.
Though the registration statement has been filed with the SEC, it is not yet in effect and will not be open for offers until it is effective, according to a press release.
When available, a copy can be obtained for free from the book-running manager of the IPO. AndNowUKnow will continue to follow and report on this story as it develops further.
