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CKE pulls planned initial public offering, cites 'market conditions'

Lisa Jennings, Executive Editor

October 4, 2021

2 Min Read
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Lisa Jennings

CKE Restaurants Inc., parent to the Hardee’s and Carl’s Jr. quick-service restaurant chains, said late Thursday that it will not proceed with a planned initial public offering that was scheduled for today.

In a short statement issued on the eve of the company’s planned return to public markets, CKE officials said it has determined not to proceed with the IPO due to “market conditions.”

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Earlier this year, Carpinteria, Calif.-based CKE hoped to raise as much as $230 million with a return to the New York Stock Exchange. The offering of 13.3 million shares of common st...

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About the Author

Lisa Jennings

Executive Editor, Nation's Restaurant News and Restaurant Hospitality

Lisa Jennings is executive editor of Nation’s Restaurant News and Restaurant Hospitality. She joined the NRN staff as West Coast editor in 2004 as a veteran journalist. Before joining NRN, she spent 11 years at The Commercial Appeal, the daily newspaper in Memphis, Tenn., most recently as editor of the Food and Health & Wellness sections. Prior experience includes staff reporting for the Washington Business Journal and United Press International.

Lisa’s areas of expertise include coverage of both large public restaurant chains and small independents, the regulatory and legal landscapes impacting the industry overall, as well as helping operators find solutions to run their business better.

Lisa Jennings’ experience:

Executive editor, NRN (March 2020 to present)

Executive editor, Restaurant Hospitality (January 2018 to present)

Senior editor, NRN (September 2004 to March 2020)

Reporter/editor, The Commercial Appeal (1990-2001)

Reporter, Washington Business Journal (1985-1987)

Contact Lisa Jennings at:

Lisa.jennings@informa.com

@livetodineout

https://www.linkedin.com/in/lisa-jennings-83202510/

 

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