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Tim Hortons goes public

The Story


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.

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

Did You know?


• 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."


 

 


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Tim Hortons: Coffee, Crullers and Canadiana more