Why are investors suddenly so eager for restaurant IPOs? ...Middle East

Quartz - Economy

Amid a pandemic, a flurry of US restaurants are aiming to go public in what is shaping up to be the biggest year for IPOs since at least 2014.Krispy Kreme went public (again) this month. PF Chang’s is rumored to be looking into an IPO, and California Pizza Kitchen is looking to go public or find a buyer. Meanwhile, salad chain Sweetgreen, a fast casual restaurant chain Portillo’s, and coffee chain Dutch Bros have all confidentially filed to go public. And Panera Bread, owned by JAB Holding Company, is reportedly considering going public (also for the second time).Restaurant stocks traditionally haven’t been highly sought after among investors, and there hasn’t been much demand for new IPOs.

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Last updated : 28 July 2021 clock 05:00 PM

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