Arcos Dorados Holdings (NYSE: ARCO), the largest McDonald's franchisee in Latin America, embarked on its first full week of trading after raising more than $1.25 billion in its rousing initial public offering Thursday.
The stock was trading above $22 a share Monday afternoon after 73.5 million shares debuted at $17 a share with BofA Merrill Lynch, JP Morgan, Morgan Stanley, Itua BBA and Citi leading the offering. The buzz was strong on this one considering the firm originally intended to sell just over 62 million shares at between $13 and $15 a share.
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