News

US Foods hits the NYSE

May 27, 2016

National food service distributor, US Foods Holding Corp, began trading Thursday on the New York Stock Exchange under the ticker symbol "USFD," after its initial public offering. US Foods raised $1.02 billion in gross proceeds. As such, it is the second U.S. IPO this year to raise over $1 billion in proceeds, following MGM Growth Properties.

To mark US Foods' public debut, President and CEO Pietro Satriano joined with other members of the company's management committee to ring the opening bell Thursday. The company also recreated a restaurant kitchen outside the stock exchange.

"We’re delighted to welcome US Foods Holding Corp. to the NYSE’s community of esteemed companies," said Tom Farley, NYSE Group President. "US Foods is a distinguished leader in food distribution, inspiring and empowering its partners to deliver best-in-class dining experiences, as well as offering an array of innovative products including technology and business solutions."

US Foods Inc distributes across the country to both independent and multi-unit restaurants, health care and hospitality entities, government and educational institutions.