Tim Hortons, Canada's #1 quick service restaurant chain, priced its highly anticipated public offering at $23.162 a share (in US dollars), just above the mid point of its increased range of $22-$24. The company originally filed with a proposed range of $18-$20, but increased the price range on Tuesday in response to strong demand. A subsidiary of Wendy's, Tim Hortons sold a total of 29 million shares or 15% of the company. The joint book-running managers on the deal were Goldman Sachs and RBC Capital Markets.
