IPO View - Served hot, most restaurant IPOs have cooled off
Hot restaurant IPOs served up in the last few months are getting cold, with Burger King giving investors the biggest belly ache.Restaurant operators rushed to spin off companies after the debut by Chipotle Mexican Grill Inc. (CMG.N: Quote, Profile, Research), which doubled in its opening day on Jan. 26. But after a good start, many of the IPOs are down amid a slowing economy and with rising gas prices pinching consumers.
Shares of Burger King Holdings Inc. (BKC.N: Quote, Profile, Research) are down 12.6 percent since its debut and 20.4 percent off its June 2 peak. more…
