Caribou Coffee sets $13-$15 price est. for IPO
Caribou Coffee Co. Inc. on Tuesday said it plans to offer 5.36 million shares at $13-$15 a share.
September 5, 2005
NEW YORK (MarketWatch) -- Caribou Coffee Co. Inc. on Tuesday said it plans to offer 5.36 million shares at $13-$15 a share in a bid to raise about $75 million in its upcoming initial public offering. The company bills itself as the No. 2 coffee shop chain in the U.S. behind Starbucks [s; sbux]. The Brooklyn Center, Minn. company plans to trade under the ticker symbol "CBOU" on the Nasdaq. Merrill Lynch and Thomas Weisel are lead underwriters of the IPO.
