Markets

Restaurant franchisor FAT Brands sets terms for $24 million Reg A+ IPO

A generic image of money, charts and a laptop.
Credit: Shutterstock photo

FAT Brands, which franchises 300 restaurants mainly under the Fatburger and Ponderosa brands, announced terms for its Regulation A+ IPO on Wednesday.

The Beverly Hills, CA-based company plans to raise $24 million by offering up to 2 million shares at a price of $12. At that price, FAT Brands would command a market value of $120 million.

FAT Brands was founded in 1947 and booked $14 million in revenue for the 12 months ended March 26, 2017. It plans to list on the Nasdaq under the symbol FAT. TriPoint Global Equities is the lead managing selling agent for the deal. No timing on pricing was disclosed.

The article Restaurant franchisor FAT Brands sets terms for $24 million Reg A+ IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

IPOs

Latest Markets Videos

    Renaissance Capital

    Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products.

    Learn More