PORTILLO’S HOT DOGS REGISTRATION
LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 BofA Securities Inc., Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, or by email at or Piper Sandler & Co., Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, by telephone at (800) 747-3924, or by email at registration statement on Form S-1 relating to these securities was declared effective by the Securities and Exchange Commission on October 20, 2021.
PORTILLO’S HOT DOGS FOR FREE
Copies of the final prospectus may be obtained for free by visiting EDGAR on the SEC’s website at Alternatively, copies of the final prospectus may be obtained from Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 821-7388, or by email at Morgan Stanley & Co. The offering was being made only by means of a prospectus. acted as co-managers for the proposed offering. Guggenheim Securities, Stifel, Loop Capital Markets and Ramirez & Co., Inc. Baird, UBS Investment Bank and William Blair also acted as lead book-running managers for the proposed offering. Jefferies, Morgan Stanley, BofA Securities and Piper Sandler acted as lead joint book-running managers and representatives for the proposed offering. The common stock began trading on the Nasdaq Global Select Market on October 21, 2021. Gross proceeds from the offering were approximately $466 million, before underwriting discounts and commissions and estimated offering expenses.
PORTILLO’S HOT DOGS FULL
(“Portillo’s”) (Nasdaq: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced the closing of its initial public offering of 23,310,810 shares of its common stock, including the full exercise of the underwriters’ option to purchase an additional 3,050,540 shares of common stock at a price to the public of $20 per share. 27, 2021 (GLOBE NEWSWIRE) - Portillo’s Inc.
Jefferies, Morgan Stanley, BofA Securities and Piper Sandler are among the underwriters for the offering.CHICAGO, Oct. The company expects third-quarter revenue of $138 million, an over 15% jump from a year ago, according to its IPO filing.Įach Portillo's location, on average, served about 825,000 guests in the twelve months ended June 27. Portillo's menu features all-American staples such as Chicago-style hot dogs and sausages, Italian beef sandwiches, chopped salads, burgers, crinkle-cut french fries, homemade chocolate cake and milkshakes. The company, which was renamed Portillo's in 1967, has now grown across nine states in the United States to 67 restaurants, most of which feature double lane drive-thrus and also include dine-in, carryout and curbside access. Portillo's, which is backed by private equity firm Berkshire Partners, traces its roots back to 1963, when Dick Portillo invested $1,100 into a small trailer to open the first Portillo's hot dog stand in Villa Park, Illinois, which he called "The Dog House."
IPO market has not lost steam and its market debut comes as restaurant chains benefit from a return to dining out brought by vaccine rollouts and easing COVID-19 curbs. Portillo's move to go public was also a sign that the U.S. Portillo's sold 20.3 million shares in the offering priced at $20 apiece, the upper end of its price range, raising a little over $405 million.
Oct 21 (Reuters) - Shares of Portillo's Inc (PTLO.O) rose 30% in their Nasdaq debut on Thursday, valuing the restaurant chain known for its Chicago-style hot dogs at $1.9 billion. We welcome feedback, which you can provide using the feedback tab on the right of the page. We are improving this feature as we continue to test and develop in beta. The company and law firm names shown above are generated automatically based on the text of the article.
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