The IPO market is back in the restaurant industry—or at least it seems that way.
In this week’s episode of the Restaurant Business podcast “A Deeper Dive,” Ashish Seth discusses Kura Sushi's recent IPO and whether it reopened a market for the restaurant industry that has been largely dry for years.
Seth is the director of the restaurant investment banking practice at BMO Capital Markets, the joint bookrunner for the Kura IPO. Kura was the first U.S. restaurant chain to go public through a traditional restaurant IPO in four years.
Seth also talks about a crazy year for mergers and acquisitions in the space and whether the strong interest in the sector from private-equity groups will continue.
Please have a listen.