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EG Group’s Gas-Station Firm Cumberland Farms Files for US IPO

EG Group’s Gas-Station Firm Cumberland Farms Files for US IPO
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EG Group’s Gas-Station Firm Cumberland Farms Files for US IPO Cumberland Farms Ltd, the gas station and convenience store operator, filed for a US initial public offering, joining a rush of debuts that’s powered a record start to the year. The Charlotte, North Carolina-based company, which will be held by parent firm EG Group Ltd, had a net loss of $95 million on revenue of nearly $4 billion in the first three months of the year, compared with a net income of $3 million on revenue of $3.73...

EG Group’s Gas-Station Firm Cumberland Farms Files for US IPO Cumberland Farms Ltd, the gas station and convenience store operator, filed for a US initial public offering, joining a rush of debuts that’s powered a record start to the year. The Charlotte, North Carolina-based company, which will be held by parent firm EG Group Ltd, had a net loss of $95 million on revenue of nearly $4 billion in the first three months of the year, compared with a net income of $3 million on revenue of $3.73 billion a year earlier, according to its filing Thursday with the US Securities and Exchange Commission. [Image text:] DUNKIN' Cumberland FARM S NOIN-MEMRET eShh REGULAR TAX INCL Agency Liquor STORES
EG Group’s (ORG) US IPO EG Group’s (ORG) US (LOCATION) IPO Cumberland Farms Ltd (ORG) Charlotte (LOCATION) North Carolina (LOCATION) EG Group Ltd (ORG) the US Securities and Exchange Commission (ORG)
Originally published by Bloomberg Markets Read original →