# Vestis — Capital Time Machine

Vestis became a separate listed company when Aramark distributed its uniform-services business to shareholders. This path has no conventional standalone IPO purchase price.

Canonical citation: https://capitaltimemachine.com/private/vestis

Ticker: VSTS
Sector: Uniforms & workplace services
Public-market route: Spin-off
Evidence reviewed: 2026-09-24

## How to use this research

Selected historical funding and listing evidence, not a complete private cap table or live quote. Funding totals, company valuations and per-share prices are different measures. A hypothetical value is not actual sale proceeds; investor access is not established.

## Funding and listing history

### record — Distribution record date

Date: 2023-09-20
Event type: Spin-off record

Aramark shareholders of record qualified for the distribution under the stated terms.

Source: [Aramark board approves spin-off](https://ir.vestis.com/news-media/press-releases/detail/98/aramark-board-of-directors-approves-spin-off-of-vestis)
Source location: Record date September 20; distribution September 30; one Vestis share for two Aramark shares.

### distribution — Vestis separates from Aramark

Date: 2023-09-30
Event type: Spin-off

One Vestis share distributed for every two Aramark shares. Fractional entitlements were handled in cash.

Source: [Aramark board approves spin-off](https://ir.vestis.com/news-media/press-releases/detail/98/aramark-board-of-directors-approves-spin-off-of-vestis)
Source location: Record date September 20; distribution September 30; one Vestis share for two Aramark shares.

Source: [Spin-off completion](https://ir.vestis.com/news-media/press-releases/detail/100/vestis-completes-spin-off-from-aramark)
Source location: September 30 separation; October 2, 2023 NYSE trading as VSTS.

### financing — Separation capitalization

Date: 2023-09
Event type: Separation financing

The information statement explains the capitalization and financing associated with separation. These transactions are distinct from a venture equity raise.

Source: [Final information statement](https://ir.vestis.com/sec-filings/all-sec-filings/content/0001628280-23-031931/exhibit991finalinformation.htm)
Source location: Separation financing, pro forma capitalization and distribution mechanics.

### listing — VSTS begins NYSE trading

Date: 2023-10-02
Event type: Public listing

Regular-way trading began following separation. No conventional IPO offer price is assigned in this profile.

Source: [Spin-off completion](https://ir.vestis.com/news-media/press-releases/detail/100/vestis-completes-spin-off-from-aramark)
Source location: September 30 separation; October 2, 2023 NYSE trading as VSTS.

## Documented share calculations

No documented private share-price and conversion model is enabled. Users may enter their own comparable prices; do not infer a per-share entry price from aggregate funding or company valuations.

## Later share adjustments

No separate share-class distribution is modeled.

## Coverage gaps and limitations

- A spin-off distribution is not a free investment with a zero cost basis.

- Parent-company purchase cost and tax allocation would be needed for a shareholder-specific return.

- No standalone Series A–F funding history or pre-IPO share purchase price is established.

Entered prices and later-date share-basis assumptions are unverified. Excludes fees, taxes, dividends, warrants and other distributions; fractional shares are illustrative. Historical investor allocations, minimums and selling rights are not established.

Methodology: https://capitaltimemachine.com/methodology

Research terms: https://capitaltimemachine.com/terms