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The IPO market is hungry: US Foods discloses updated financial results ahead of estimated $1 billion IPO

March 31, 2016
USFD

US Foods Holding, a second-largest US foodservice distributor, reported financial results for the 53 weeks ended January 2, 2016, in an amendment filed with the SEC on Thursday. It originally filed for an IPO in February 2016 for a deal that we estimate could raise up to $1 billion.

US Foods Holding was founded in 1853 and booked $23.1 billion in sales for the 53 weeks ended January 2, 2016. The Rosemont, IL-based company plans to list on the NYSE under the symbol USFD. KKR is the sole bookrunner on the deal.