The Wall Street Journal reports that the Cendant company Jackson Hewitt, Inc., the second largest tax return preparer in the U.S., has filed an initial public offering to sell up to $100 million in common stock in the company. Cendant currently owns 100% of the stock and has not disclosed how many shares will be made available in the offering. Jackson Hewitt has 4,295 franchised and 642 corporately owned offices around the country.
Posted by franchiselawblog at March 15, 2004 11:20 AM