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Fast food titan Burger King files for IPO

February 16, 2006
BKC

Burger King, the inventor of the the Whopper and the slogan "Have It Your Way," registered for an initial public offering Thursday evening. The Miami, FL-based company owns and franchises 11,141stores in 67 countries and U.S. territories and for the past twelve-month period ended December 2005 generated nearly $2 billion in sales with an operating margin of 9.2%. JPMorgan, Citigroup, Goldman Sachs and Morgan Stanley will underwrite the deal. Terms and timing have yet to be announced.