McDonald's franchisee planning $1 billion IPO: report

The largest McDonald's franchisee globally is planning a U.S. listing that could raise as much as $1 billion, the Financial Times said on Wednesday.

Arcos Dorados might file for an initial public offering within days and could start trading in New York in April, the newspaper said, citing unnamed sources.

The company has appointed Bank of America , Morgan Stanley and JPMorgan as underwriters on the offering, the newspaper said.

(Reporting by Karolina Tagaris; Editing by Gary Hill)