PFGC News

US Foods Holding, the second-largest US foodservice distributor, announced terms for its IPO on Friday. The Rosemont, IL-based company plans to raise $1.0 billion by offering 44.4 million shares at a price range of $21 to $24. At the midpoint of the proposed range, US Foods Holding would command a fully diluted market value of $4.9 billion. US Foods was founded in 1853 and...read more

The second largest food distributor in the country, US Foods (USFD), filed for an IPO last week. When it goes public, it will join industry leader Sysco (NYSE: SYY), which has rallied 10% since reporting better-than-expected earnings on February 1, and newly-public Performance Food Group (PFGC), which has performed well since its September 2015 IPO, closing about...read more

US Foods Holding, the second-largest US foodservice distributor, filed on Tuesday with the SEC to raise up to $1 billion based on our estimates. In 2007, CDR and KKR acquired US Foods from Royal Ahold NV. In December 2013, US Foods agreed to be acquired by Sysco, however Sysco terminated the proposed merger in June 2015 after failing to gain government approval. Competitor...read more

Home, home below the range: all five deals this week priced below the range.  There were eleven companies on the IPO calendar this week, but only five were able to price, and each of those priced at least 19% below their...read more