McDonald's franchisee set to raise about $1 billion in IPO

04/12/2011 | ABC News

Argentina-based Arcos Dorados Holdings is preparing to go public this week, in an IPO that could raise almost $1 billion for investors in the world's largest McDonald's franchisee. The 4-year-old company, which operates 1,755 restaurants in Latin America and the Caribbean, is expected to net about $164 million from the offering, most of which will go toward opening new locations and renovating existing stores.

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