Shares of Bloomin’ Brands, which operates Outback Steakhouse and other restaurant chains, are proving a tasty treat for investors, though only after the portion size was reduced.
Shares rose 2.8 percent to close at $12.42 on Wednesday in the stock’s first trading day on the Nasdaq. The positive reaction comes only after the company reduced its offering price and cut the number of shares that selling shareholders were offering. Other companies set to go public later this week include Carl’s Jr. owner CKE Inc. and British soccer club Manchester United.
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