Aramark, the big food services company, priced its initial public offering on Wednesday at $20 a share, the low end of its expected range.
At that level, the company â€" which runs cafeterias and concession stands across the country â€" will have raised $725 million and will have an equity valuation of $4.6 billion.
Still, Aramark will become the latest company owned by private equity firms to return to the public markets. Aramark was acquired in 2007 by its chairman, Joseph Neubauer, and a group of investors that includes Warburg Pincus and the buyout arm of Goldman Sachs.
Unlike at Hilton Worldwide, another company owned by a private equity firm that priced its I.P.O. on Wednesday, Aramark’s current sponsors will sell a portion of their holdings.
The company is expected to start trading on the New York Stock Exchange on Thursday under the ticker symbol ARMK.
