Shuangfeng Sports Bar, Louisville, Kentucky.
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The sports bar chain Double Peak started trading on Nasdaq on Thursday to use the stock “TWNP”, which made it the first public public fundraising for the New Year, and for other LITMUS tests that hope to disclose.
The IPO market has always been very mild several yearsEspecially for consumer companies. The inflation rate is high, the interest rate is high, Careful consumers The risk of reducing valuation has kept many companies away from public. Market conditions mean that some companies choose to seek sales instead of trying in public markets. even Rare successlike Kawa IPO, not convinced others to take their own path.
But many are Hope the IPO market can thaw This year.
“Last year than 2023, we expect that the IPO in 2025 will be more than 2024.” explain Nick Einhorn, Vice President of Capital Research during the Renaissance, is an provider of ETF research on IPO research and IPO. “Of course, this may include more consumer ipo.”
Shuangfeng will not be the first consumer company to achieve leap This year-the first appearance may not stimulate confidenceEssence
Pork producer Smithfield FoodThe subsidiaries of Hong Kong WH Group began to trade on Tuesday. During the first appearance of the market, its stock price decreased by 7 % from the $ 20 of its IPO. The company has reduced its products to 8.1 million shares, which is lower than its market product scope. The challenges of Smithfield include contact with China, the situation of trade tensions in the United States and Mexico, and proposed immigration policies to increase labor costs.
According to investors published by the owner, Twin Peaks is a fanatic competitor known for its transparent uniform. It is relatively small. It is estimated that the stock value is US $ 1.04 billion to US $ 1.28 billion and 115 restaurants. Fat brandEssence (Fat brand and their chairs Andy Wiederhorn Prosecution Last year, it was said that there were 47 million US dollars of false loan plans; both parties denied the allegations. .
FAT Brands is dismantling Shuangfeng and plans to use cash to repay the debt on its balance sheet.
This is the other three restaurants companies. They are watching the IPO market to get the opportunity to make public:
Panera brand
On December 12, 2023, on Tuesday, Panera Bread Co. in Queens, New York, USA.
Bing Guan | Bloomberg | Getty Image
Jab Holding, the investment department of the Reimann family, has been seeking uninstallation of Panera Brands, Panera Bread and Einstein Bros. Bagels. JAB was originally private at Panera Bread Private in 2017 for $ 7.5 billion.
In 2021, Panera announced a special purpose acquisition of Danny Meyer’s investment in the company, which will help the company to make public. But two political parties Cancel transaction By mid -2022, on the grounds of market conditions.
A year and a half, in December 2023, Panera Brands Secretly propose public. Six months after the confidential submission documents, the company announced the transition of CEO and reorganized the reorganization with “preparing for the final IPO”.
However, public documents have never followed. The catering industry began to see the callback of expenditure because many consumers chose to cook at home, not to eat at restaurants.
In addition, for all wrong reasons, Panera’s allegations are popular. After a number of illegal death lawsuits related to it, the company took out high caffeine drinks from the menu. Panera settled The first plaintiff in October.
Earlier this month, Panera’s CEO resignationThe company hired his chief financial officer to serve as temporary person in charge. With its leadership in Flux, Panera seems unlikely to be publicly disclosed this year.
FOG
One year one Half a year ago, Bain Capital announced that it was buying a fast -growing Brazilian steak chain Fogo de Chao. like Krispy kreme,,,,, Sweet green and Dutch brotherThe chain store has applied for a public application in 2021-but it missed the window.
Fogo de Chao has more than 100 locations around the world, and there are 76 locations in the United States alone. The company plans to open 15 restaurants this year.
Whenever the IPO market is ready, Fogo de chao will also.
“If there is a selectivity, then we will start.” Fogo de chao CEO Barry McGowan told CNBC at the ICR conference held in Orando in early January. “My hope is, this year, we will see what will happen to the consumer market. I think this will start this year or next year.”
McGowan joked that the S-1 file submitted by Fogo de Chao’s long-term chief financial officer Tony Laday is more than any other chief financial officer. The company submitted three games when it was listed for the first time, and Bain bought seven.
Thanks to Bain’s investment, Fogo de Chao is not in a hurry.
“We are not in a hurry. We don’t want to submit seven times. We hope to be more certain before submission.”
Stimulus brand
On April 18, 2024, he saw the outside of the Buffalo wild wings leisure restaurant in Austin, Texus.
Brandon Bell | Getty image
Roark Capital assembled the brand to stimulate the brand to integrate a large number of acquisitions into the restaurant group.
Inspire’s investment portfolios include Arby’s, Jimmy John’s, Sonic, Buffalo Wild Wings, Dunkin ‘and Baskin Robbins. Among all its brands, it has more than 32,600 restaurants worldwide, with a total of $ 30 billion in system sales.
About a year ago, Bloomberg reported that Roark was in the early stage IPO Discuss with potential consultants and seek $ 20 billion in INSPIRE. But since then, it has been crickets.
Nevertheless, Pitchbook has determined Inspire Brands as one of the 50 private equity support names that may be disclosed in 2025.
Einhorn said: “Obviously, private equity supporters eventually want to withdraw their positions, and IPOs are usually a way to do this.”
Unlike Panera, Inspire has a stable leadership team. CEO Pal Brown founded the company and has been playing his role since 2018. CFOKATE JASPON joined Inspire in 2021 after getting an employer Dunkin ‘. More than ten years ago, she was Duncan’s vice president during her IPO.
