News
Jubilant Foodworks' initial stock offering soars
February 7, 2010
Domino's Pizza'sIndian franchisee outfit Jubilant Foodworks Ltd. saw its first Mumbai stock trading rise as much as 43.4 percent, according toBusinessWeek.
From BusinessWeek:
The shares gained 41 percent to 204.35 rupees [U.S. $4.37] at 2:04 p.m. local time after rising as high as 207.9 rupees [ U.S. $4.44].Jubilant's initial public offer price was 145 rupees [U.S. $3.10]. The sale received demand for about 31 times the shares on offer last month.
India is one of Domino's fastest-growing markets.
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