im Hortons Inc. (TSX:THI) confirmed Tuesday that the financial service firms that lead its initial public offering have decided to buy an extra 4.35 million shares of the coffee chain.

The Oakville, Ont.-based company also said it will have net proceeds of about $846.4 million Cdn, or $726.1 million US, from its stock market debut.

The initial public offering was for 29 million shares at $27 Cdn a piece.

The underwriters – lead by Goldman Sachs & Co. in the U.S., and RBC Capital Markets in Canada – had the option to buy an extra 4.35 million shares if the first 29 million were all scooped up.

Not surprisingly, given the massive amount of investor interest in the offering, the underwriters have decided to exercise that over-allotment option.

That means Tim’s total offering will have been 33.35 million shares at $27 per share. And it means Wendy’s International Inc. (NYSE:WEN), the U.S. hamburger giant that spun off Tim Hortons, will be left holding 82 per cent of the coffee chain’s shares, rather than 85 per cent.

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