Roark-backed Driven Brands targets $760m for IPO: Reuters

Driven Brands Holdings Inc, an automotive services company, is seeking to raise as much as $760 million for its IPO, which could value the company at about $3.4 billion, reported Reuters. 

Driven Brands Holdings Inc, an automotive services company, is seeking to raise as much as $760 million for its IPO, which could value the company at about $3.4 billion, reported Reuters. The news wire noted that Driven plans to sell 38 million shares of its stock between $17 and $20 apiece. Driven is backed by Roark Capital.

Source: Reuters