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While Tim Hortons shares won't hit the market for days,
there is already a feeding frenzy for them.
However, if you want to buy into the initial public offering
of Tim Hortons stock, you're likely out of luck.
"Your chances of getting Tim Hortons shares on the initial
public offer are going to be slim to none," said Pat Naccarato
of AIC Investment Services.
"I guess its going to be a hot IPO and everyone is trying to
get a share of it but its hard to get," said investor Steve Li.
Fellow investor Ming Lee has resigned himself to buying the
shares on the open market. "That's fine, that's fine. It's like
winning the lottery -- I just don't have a chance," he said.
The venerable chain is one of the great Canadian business
stories of the past quarter-century.
Toronto Maple Leafs defenceman Tim Horton and Ron
Joyce, a former Hamilton police officer and franchisee of the
first Tim Hortons store, founded the chain.
Wendy's paid $580 million for the franchise in 1995, but now
wants to spin it off.
Demand for the stock has pushed up the initial price up.
Tim Hortons Inc., owned by Wendy's International Inc.,
plans to raise the price of its stock up by about 20 per cent.
|Heavy demand for Tim Hortons share offering
|Other cartoons of interest