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 COLUMBUS, Ohio (AP) - Shares of Canadian coffee and doughnut chain Tim Hortons Inc. soared nearly 22 percent Friday in their trading debut on the New York Stock Exchange.
The shares, trading under the symbol "THI," rose $5.01 to close at $28.17, up from its initial public offering price of $23.16 per share set Thursday night. They traded as high as $33 earlier in the session. Nearly 26.5 million shares were traded.
"It's a day we've all been looking forward to," Don Schroeder, Tim Hortons' executive vice president of administration, said from New York, where he helped ring the bell to start trading on the stock exchange and bought the first 100 shares for $31.95 apiece.
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