The world’s biggest refrigerated frozen food service provider, the refrigerated food company Domino’s, is about to go public.
The news was first reported by Reuters and has been confirmed by several sources including the company.
Domino.com is a $30 billion company with a $3.3 billion market capitalization.
It operates restaurants and grocery stores across the U.S. and Canada.
The company, which was founded in 2001, employs roughly 1,000 people and is valued at about $40 billion.
DomoCo is a subsidiary of UBS AG, which manages Domino products.
The food giant said that it will announce the IPO on Friday.
Dominos CEO and Chairman David V. Johnson said that the company’s stock price would be determined by investors’ willingness to accept the risk of going public, Reuters reported.
The shares were trading down by more than 10% on the Nasdaq in the last week.
Domos shares closed on Wednesday at $3,800.
Domco shares are up about 20% since the start of the year.