Roark Capital is in the early stages of weighing an initial public offering of Inspire Brands, the owner of fast food chains Dunkin’, Arby’s and Jimmy John’s, people with knowledge of the matter told Bloomberg’s Crystal Tse and Ryan Gould. The private equity firm has held preliminary talks with potential advisers about an IPO of Inspire in late 2024 or 2025 and the company could be valued at roughly $20B in any listing, the sources said. Publicly traded quick service restaurant operating companies include McDonald’s (MCD), Starbucks (SBUX), Yum! Brands (YUM), Wendy’s (WEN) and Restaurant Brands (QSR).
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