{"id":33589,"date":"2012-09-05T09:15:00","date_gmt":"2012-09-05T09:15:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/bloomin-brands-blmn-announces-pricing-of-initial-public-offering\/33589\/"},"modified":"2012-09-05T09:15:00","modified_gmt":"2012-09-05T09:15:00","slug":"bloomin-brands-blmn-announces-pricing-of-initial-public-offering","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/bloomin-brands-blmn-announces-pricing-of-initial-public-offering\/33589\/","title":{"rendered":"Bloomin&#8217; Brands &#8211; BLMN &#8211; Announces Pricing of Initial Public Offering"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><strong><a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=BLMN\">Nasdaq:BLMN<\/a>)<\/strong>, announced that it has priced an initial public offering of 16,000,000 shares of its common stock at $11.00 per share. Bloomin&#8217; Brands will offer 13,000,000 shares and certain selling stockholders will offer 3,000,000 shares. Bloomin&#8217; Brands will not receive any proceeds from the sale of shares by the selling stockholders. The shares are expected to begin trading on the <a href=\"https:\/\/thestockmarketwatch.com\/markets\/nasdaq\/today.aspx\">Nasdaq<\/a> Global Select Market on August 8, 2012 under the symbol &#8220;BLMN.&#8221; The underwriters have been granted a 30-day option to purchase up to an additional 2,400,000 shares from Bloomin&#8217; Brands and certain of the selling stockholders. If this option is exercised in full, Bloomin&#8217; Brands will issue and sell 1,200,000 shares and certain of the selling stockholders will sell 1,200,000 shares.<\/p>\n<p>The offering is being made through an underwriting group led by BofA Merrill Lynch, Morgan Stanley &amp; Co. LLC, J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., and Goldman, Sachs &amp; Co. who are acting as joint book-running managers. Jefferies &amp; Company, Inc. is acting as co-lead manager of the offering. William Blair &amp; Company, L.L.C., Raymond James &amp; Associates, Inc., Wells Fargo Securities, and The Williams Capital Group, L.P. are acting as co-managers of the offering.<\/p>\n<p><strong>About Bloomin&#8217; Brands, Inc. &#8211; BLMN<\/strong><\/p>\n<p>Bloomin&#8217; Brands, Inc. (BLMN) is a portfolio of brands comprised of Outback Steakhouse, Carrabba&#8217;s Italian Grill, Bonefish Grill, Fleming&#8217;s Prime Steakhouse &amp; Wine Bar and Roy&#8217;s with more than 1,400 restaurants in 48 states and 20 countries and territories internationally.<\/p>\n<p>BLMN is a holding company. It is a casual dining restaurant company with a portfolio of restaurant concepts. The Company owns and operates 1,248 restaurants and has 195 restaurants operating under franchise or joint venture arrangements across 49 states and 21 countries and territories.<\/p>\n<p>BLMN has five concepts: Outback Steakhouse, Carrabba\u2019s Italian Grill, Bonefish Grill, Fleming\u2019s Prime Steakhouse and Wine Bar and Roy\u2019s. The Outback Steakhouse menu offers several cuts of seasoned and seared or wood-fire grilled steaks, chops, chicken, seafood, pasta, salads and seasonal specials. Carrabba\u2019s Italian Grill is an Italian casual dining restaurant featuring handcrafted dishes, an exhibition kitchen and warm Italian hospitality. Bonefish Grill is a polished casual seafood restaurant featuring market fresh grilled fish, and a bar. Fleming\u2019s Prime Steakhouse and Wine Bar is prime steakhouse for food and wine.<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20120908083205\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Fbloomin-brands-blmn-announces-pricing-of-initial-public-offering%2F33589&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-surge-on-easing-hopes\/33815\">\nGold Prices Surge on Easing Hopes<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-end-marginally-higher-4\/33790\">\nStocks End Marginally Higher<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-rally-on-qe-hopes-silver-prices-also-surge\/33788\">\nGold Prices Rally on QE Hopes; Silver Prices also Surge<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-headed-for-a-mixed-finish-17\/33787\">\nStocks Headed for a Mixed Finish<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-struggle-for-direction-as-jobs-data-disappoints\/33783\">\nStocks Struggle for Direction as Jobs Data Disappoints<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/ag-mortgage-investment-trust-mitt-stock-dividend-of-0-77-per-share\/33771\">\nAG Mortgage Investment Trust &#8211; MITT &#8211; Stock Dividend of $0.77 per Share<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/trinity-industries-trn-reaches-agreement-to-acquire-certain-assets-of-dmi-industries\/33770\">\nTrinity Industries &#8211; TRN &#8211; Reaches Agreement to Acquire Certain Assets of DMI Industries<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20120908083205im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n<script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script>\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq:BLMN), announced that it has priced an initial public offering of 16,000,000 shares of its common stock at $11.00 per [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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