Driven Brands Announces Potential Stock Price

Jan. 8, 2021
Driven Brands Holdings Inc. would be on NASDAQ as "DRVN."

Jan. 8, 2021—Driven Brands Holdings Inc. 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. Driven Brands' holdings include Take 5 Oil Change and Meineke.