CBC Digital Archives

Tim Hortons goes public

Are the words "Timbit" and "double-double" part of your vocabulary? If the answer is yes, you must be Canadian. Despite the fact that it was bought by an American company in 1995, Tim Hortons seems to have injected itself into the centre of our Canadian identity. Started as a small doughnut shop owned by hockey legend Tim Horton, there are now more than 3,000 Tim Hortons locations. CBC Digital Archives looks at the evolution of Tim’s.

media clip
In early 2006, Tim Hortons is all the talk among Canadian investors. For the first time ever, the chain is hitting the stock market with an initial public offering (IPO). In this CBC Radio clip, Toronto-based foodservice consultant Doug Fisher discusses the IPO and gives his knowledgeable views on why Tim Hortons has become such a successful chain. He also comments on how the brand has insinuated itself into our Canadian identity. "They've absolutely made themselves a part of our culture," he says.
• Tim Hortons debuted on the stock market on March 24, 2006. During the first day of trading, shares "peaked at $37.99 in frenzied trading and wound up the day on the Toronto Stock Exchange at $33.10, nearly a third higher than its IPO price of $27 in massive trading of 17.5 million shares," according to a CTV.ca news story. The story called this "an impressive debut ...during which investors pushed Tim Hortons shares well above the set price on their initial public offering."
  • For more on the Tim Hortons IPO, and more on initial public offerings in general, please see the CBC New Indepth backgrounder called "The risky art of going public."

Medium: Radio
Program: Here and Now
Broadcast Date: Feb. 28, 2006
Guest(s): Doug Fisher
Host: Matt Galloway
Duration: 5:40
Photo: courtesy of Tim Hortons

Last updated: January 31, 2012

Page consulted on September 10, 2014

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