April 6, 2018
Fat Brands, owner of restaurants like Buffalo’s Express and Fatburger, is now available to investors on the NASDAQ.
NORTH AMERICA–Fat Brands Inc., owner of the Fatburger restaurant brand, has made its initial public offering on the NASDAQ.
Fat Brands, which valued itself at $96 million pre-IPO, used Regulation A+, which provides investors with investment choices outside of the traditional IPO. Furthermore, the brand licensing subsidiary of Beverly Hills-based Fog Cutter Capital Group used federal crowdfunding regulations to sell 2 million shares at $12 each.
Fat Brands currently operates restaurants like Fatburger, Buffalo’s Café, Buffalo’s Express and Ponderosa and Bonanza Steakhouse restaurant concepts, with more than 300 locations open and 273 in development across 18 countries. In terms of licensing, Fatburger launched branded frozen beef patties at more than 3,000 Walmart locations in 2013. In 2015, the brand expanded its partnership with UltraBrandz for branded condiments, grills, grill accessories, additional frozen food items and apparel. Fatburger also made its Licensing Expo debut in 2015.
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