Skip to content
Subscriber Only

Arcos Raises $1.25 Billion in Expanded Initial Public Offering

Arcos Dorados Holdings Inc., the Buenos Aires-based operator of McDonald’s Corp. restaurants in Latin America and the Caribbean, raised $1.25 billion in its expanded initial share sale, 33 percent more than it sought.

Arcos said in a statement yesterday it sold 73.5 million shares at $17 each. The company had offered 62.5 million shares at $13 to $15 apiece, according to a filing with the U.S. Securities and Exchange Commission. The deal received more than 10 times more orders than the amount of stock being offered, a person with knowledge of the situation said.