Burger King, financially sounder but whopper sales lagging

Aaron Pressman

As promised after Chipotle's stunning IPO debut last month, Burger King has dutifully filed a lengthy S-1 registration statement to sell $400 million of shares to the public and reverse its December 2002 leveraged buyout deal. No info in this preliminary filing about how much the shares will sell for or what valuation will be put on the company. (I took a broader look at the improving IPO market in this week magazine, but the article is still behind the subscription wall right now.)

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