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Driven Brands Holdings Priced, Nasdaq: DRVN

North America's largest automotive services company with more than 4,100 locations.

Industry: Consumer Discretionary

Latest Trade: $29.79 0.00 (0.0%)

First Day Return: +21.3%

Return from IPO: +35.4%

Industry: Consumer Discretionary

Driven Brands is the largest automotive services company in North America with a growing and highly-franchised base of more than 4,100 locations across 49 U.S. states and 14 international countries. Our scaled, diversified platform fulfills an extensive range of core consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash. Driven Brands provides a breadth of high-quality and high-frequency services to a wide range of customers who rely on their cars in all economic environments to get to work and in many other aspects of their daily lives. Our asset-light business model generates consistent recurring revenue and strong operating margins, and requires limited maintenance capital expenditures. Our significant free cash flow generation and capital-efficient growth results in meaningful shareholder value creation. Our diversified platform of needs-based service offerings has delivered twelve consecutive years of positive same store sales growth including throughout the Great Recession, and from 2015 to 2019 we grew our revenue and Adjusted EBITDA at a CAGR of 37% and 22%, respectively.
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IPO News for Driven Brands Holdings
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IPO Data
IPO File Date 12/22/2020
Offer Price $22.00
Price Range $17.00 - $20.00
Offer Shares (mm) 31.8
Deal Size ($mm) $700
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/14/2021
Offer Price $22.00
Price Range $17.00 - $20.00
Offer Shares (mm) 31.8
Deal Size ($mm) $700
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Charlotte, NC
Founded 1972
Employees 4,900
Website www.drivenbrands.com