Tim Hortons IPO expected tomorrow

IPOs come and go but some catch everyone's attention. Recently Chipotle was the high-flying IPO of the year, doubling on its first day. The New York Stock Exchange's first day as a public company rather than as Archipelago was met with open arms and enormous interest. A few years back it was Google's massive IPO that got the attention of investors everywhere, especially considering their online IPO auction process. And now add Wendy's IPO spin-off of the Tim Horton's doughnut chain as the next talk of the street. Just yesterday, Wendy's announced that it would be upping the price range from $18-$20 to $22-$24. The offering is expected to raise $700 million. Sources I found said that the offering is expected to price tomorrow.

BusinessWeek ran an interesting piece analyzing the IPO and its prospects. Horton's is dominating in Canada, but almost to the point that there isn't much room left, or so it seems. So now it will have to compete with Dunkin Donuts and Starbucks in the U.S. Not the easiest feat.