Driven Brands Announces Potential Stock Price

Order Reprints

Jan. 7, 2021—Today, Driven Brands Holdings Inc., the parent company of a number of auto service brands including Meineke Car Care Centers and Take 5 Oil Change, launched the roadshow for its proposed initial public offering.

According to a press release, Driven Brands, which will be listed on the Nasdaq Global Select Market as "DRVN," is offering 38,000 shares of its common stock, which is expected to go for $17 to $20 per share. The proceeds from the IPO and other cash would go to pay off outstanding debt.

Worldwide, Driven Brands operates 4,100 locations in 15 countries. The company reports $900 million in revenue on $3 billion worth of sales from all its holdings.

Related Articles

Driven Brands, Medallia Partnership Aims to Improve Customer Feedback

Driven Brands IPO Raises $700M

You must login or register in order to post a comment.