Burger King Stock Returns to New York Stock Exchange, Does Well
Burger King's first day back at school, err, the stock market went fairly well for the world's second-largest hamburger chain. NPR reports that it's shares, under symbol BKW, went up 3.5 percent and closed at $15.01. It opened that day at $14.50.
This was the first time Burger King was on the public market since 2010, when the company was purchased by 3G Capital.
Burger King's return to the big board was hardly hyped, especially since it didn't have an initial public offering. Rather, 3G Capital set up a deal with a smaller company, selling them a minority stake. Only 16 percent of the stocks were reportedly up for grabs opening day.
As of 1:45 p.m. today, the BWK stock is at $15.81. Analysts are suggesting that Burger King's focus on expansion abroad will help stock sales stateside. Not bad for a comeback.
Jessica Chou is an associate editor at The Daily Meal. Follow her on Twitter @jesschou.