Los Angeles Business Journal

CKE Postpones IPO

Friday, August 10, 2012

CKE Inc., the owner of the Carl's Jr and Hardees fast-food chains, has postponed its initial public offering citing market conditions, the fast-food chain operator said.

Reuters reports that the Carpinteria company had hoped to start trading today on the New York Stock Exchange.

The company, which operates the Carl's Jr and Hardees fast-food chains, hoped to use part of the IPO proceeds to repay debt.