Driven Brands Announces Potential Stock Price

Jan. 7, 2021
Driven Brands Holdings Inc. would be on NASDAQ as "DRVN."

Jan. 7, 2021—Today, Driven Brands Holdings Inc., the parent company of a number of auto service brands including Meineke Car Care Centers and Take 5 Oil Change, launched the roadshow for its proposed initial public offering.

According to a press release, Driven Brands, which will be listed on the Nasdaq Global Select Market as "DRVN," is offering 38,000 shares of its common stock, which is expected to go for $17 to $20 per share. The proceeds from the IPO and other cash would go to pay off outstanding debt.

Worldwide, Driven Brands operates 4,100 locations in 15 countries. The company reports $900 million in revenue on $3 billion worth of sales from all its holdings.

Sponsored Recommendations

View insights, research and solutions curated specifically for shops like yours.
Our dedicated Valvoline Trusted Advisor Sales and Support Team provides hands-on classroom and targeted in-store coaching to help your employees become more skilled at selling...
Increase Sales and Customer Traffic To Your Store(s).
Reinvigorate your team and business success behind Valvoline's proven strategy that helps separate your business from competitors and create meaningful growth in sales and customer...