Which auto repair brands are part of Mavis Tire Express Services Corp.?

Mavis Tire Express Services Corp. includes brands such as Midas and Tuffy.

How much money could Mavis Tire's IPO raise?

The company's share sale is expected to raise about $2 billion.

When might Mavis Tire's initial public offering occur?

The initial public offering for Mavis Tire could potentially happen as soon as this year.

Home / Business and Economy / Mavis Tire Eyes $2 Billion IPO Launch

Mavis Tire Eyes $2 Billion IPO Launch

21 Feb

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Summary

Mavis Tire Express Services Corp. is planning a US IPO.
The company aims to raise approximately $2 billion.
The IPO could occur as soon as this year.

Mavis Tire Express Services Corp., a prominent name in auto repair and tire services operating under brands such as Midas and Tuffy, has initiated preparations for a United States initial public offering. This strategic move is being facilitated by leading financial institutions, with the company reportedly enlisting Bank of America Corp. and Goldman Sachs Group Inc. to manage the process.

The timing of this public offering could be as early as the current year, signaling an accelerated timeline for the company's expansion and financial restructuring. Industry observers anticipate that the share sale might successfully raise a substantial sum of approximately $2 billion, indicating significant investor interest in Mavis Tire's market position and future prospects.

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