Arcos Said to Raise $1.25 Billion in Expanded Initial Offer
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Arcos Dorados Holdings Inc. raised $1.25 billion in an expanded U.S. initial public offering, said a person with knowledge of the situation.
Arcos priced 73.5 million shares at $17 each, said the person, who declined to be identified because the details aren’t public. The deal received more than 10 times more orders than the amount of stock being offered, the person said.