US Foods stock surges 5% on its first day of trade
MARKETWATCH 10:17 AM ET 5/26/2016
Symbol Last Price Change
USFD 24.26down +1.26 (+5.48%)
QUOTES AS OF 10:17:25 AM ET 05/26/2016
Food services company US Foods Holding Corp.(USFD) shares (USFD) surged 5% in their first day of trading, after pricing at $ 23 a share, the higher end of its range of $21 to $24. The company sold 44.4 million shares to raise $1 billion. That made it the second-biggest IPO in a dull year for new offerings. The deal marks a partial exit for private-equity firms Clayton Dubilier & Rice LLC and KKR & Co (KKR). Shares were last quoted at $24.48.
-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com
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05-26-161017ET
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