Fatburger's parent files for IPO

fatburger food

The parent company of the Fatburger hamburger chain said it intends to seek a regulatory go-ahead for an initial public stock offering through the new Regulation A process for small and midsized companies.

The concern, FAT Brands Inc., also operates the 25-unit Buffalo’s Cafe casual-dining chain and the Buffalo’s Express fast-casual concept, which is co-branded with 72 Fatburger units. The company said its brands extend to more than 200 locations.

FAT Brands said it intends to raise $20 million through the new sort of filing, which has been dubbed a mini IPO. 

Bobby Flay’s fast-casual burger concept, Bobby’s Burger Palace, announced plans two weeks ago for a $15 million mini IPO.

Regulation A was included in the Obama administration’s JOBS Act, which aimed to promote job creation by relieving some regulatory burdens on small- to medium-sized businesses. The regulation streamlines the process for companies of that size to file for IPOs of $3 million to $50 million.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Operations

Hitting resistance elsewhere, ghost kitchens and virtual concepts find a happy home in family dining

Reality Check: Old-guard chains are finding the alternative operations to be persistently effective side hustles.

Financing

The Tijuana Flats bankruptcy highlights the dangers of menu miscues

The Bottom Line: The fast-casual chain’s problems following new menu debuts in 2021 and 2022 show that adding new items isn’t always the right idea.

Financing

Malls are quietly making a comeback

Once left for dead as shoppers moved online and then the pandemic hit, malls are regaining lost traffic. And that has been a boon for restaurant chains like Auntie Anne's, Cinnabon and Chick-fil-A.

Trending

More from our partners