News

Trading begins on Domino's Pizza Australia NZ

May 15, 2005

BRISBANE, Australia — Shares of Domino's Pizza Australia began trading on the Australian Stock Exchange on May 16. According to a news release, the shares offered at AUS $2.20 (U.S. $1.67), but news reports said prices inched up to AUS $2.30 (U.S. $1.75) before trading ended.

The company, which is the Australia and New Zealand master franchisee of U.S.-based Domino's Pizza, sold 34.1 million shares in its initial public offering on May 10. That offering capitalized the company at AUS $132 million (U.S. $100.4 million).

Existing shareholders retained about 42.3 percent of the company, while the other shares, according to DPANZ estimates, are divided among some 1,700 shareholders.

"I would like to take this opportunity to thank the entire Domino's team for their efforts during the IPO process," said DPANZ chief executive officer Don Meij. "During the IPO period, our stores have continued to perform well, and our team has remained focused on delivering returns to all shareholders as forecast."