Sandwich and salad chain Pret A Manger has lined up banks to prepare for a New York stock exchange listing later this year following a jump in sales which could value it at as much £3.9bn. "As a committed shareholder in Pret we are always exploring appropriate opportunities to ensure the future growth of the company", a Bridepoint spokesman said. Based on the recent US flotation of burger chain Shake Shack, which floated at 41 times earnings, Pret could be valued at least £3.9bn as the British company has significantly more stores and a greater geographic reach than Shake Shack. It has also sought the expertise of Credit Suisse, Barclays and Piper Jaffray, said Bloomberg, which first reported news of the upcoming flotation. The company recorded a 15pc rise in sales to £776m in the year to December 29 with its US sales exceeding $200m for the first time.
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In Tuesday's Zevely Zone, Jeff revisits a story from eight years ago, when he spoke to a local financial expert. SAN DIEGO (CBS 8) — When it comes to financial investments, no one has a crystal ball. Listen to Smart Investing with Brent Wilsey on AM 760 KFMB every Saturday 8AM - 9AM. But we can all look back on the decisions we should have made. Click here for more information.
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collected by :Jack Luxor
referring to
In Tuesday's Zevely Zone, Jeff revisits a story from eight years ago, when he spoke to a local financial expert. SAN DIEGO (CBS 8) — When it comes to financial investments, no one has a crystal ball. Listen to Smart Investing with Brent Wilsey on AM 760 KFMB every Saturday 8AM - 9AM. But we can all look back on the decisions we should have made. Click here for more information.
read more visit us Money
collected by :Jack Luxor
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