Burger King Worldwide Inc. is once again public, debuting Wednesday on the New York Stock Exchange.
Less than two years after 3G Capital Management took the fast-food chain private, ticker symbol BKW is trading on Wall Street -- and not doing too badly. After opening at $14.50, the stock saw as much as an 11.8% increase and, nearing midway through the trading session, was hovering around $15 a share.
Burger King has come a long way since 2010, when it was struggling to stay hip and keep pace with McDonald’s, behind which it is perennially ranked.
After buying the Miami company for $3.3 billion, 3G sent it through an intense shape-up regimen.
The menu underwent a Golden Arches-style makeover with garden salads and snack wraps geared more toward women rather than the hungry young guys sought by competitors such as Carl’s Jr.