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Aramark Sets Sight on Raising $1 Billion From IPO

 (Image source: Fortune Magazine)

Sometimes next week, Aramark Holdings Corp, the food servicing giant and clothing vendor will start trading on the NYSE. The company intends to raise $1 billion from the IPO with the help of Goldman Sachs Group Inc (NYSE:GS). Initially in September when the IPO was filed, the IPO was valued at $100 million. The company now believes it can generate $900 million more from the initial public offering. Why not?!  When the Hilton Worldwide hotels, which is going public at the same time and eyeing to raise $2.25 billion from its IPO.  Aramark generated $13.9 billion in revenues for the fiscal year ended September 27th.  Aramark operates in 22 countries.