Aramark looks to raise $1B in IPO


Stadium food and clothing vendor Aramark (ARMK) reportedly intends to raise up to $1B in its IPO and will start investor meetings next week with a view to listing in December.

Aramark would use the money to repay some of its debt of $5.7B, which is a legacy of the $6.3B deal that took the company private in 2007. Goldman Sachs Capital Partners (GS) was one of the buyers.

Aramark's IPO comes at the same time as that of Hilton, both of which could ensure that a banner year for public listings ends with a bang.

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