In this file:
· Fogo de Chão, the Brazilian Steakhouse, Is Going Public Again
· Fogo de Chao is going public again
Fogo de Chão, the Brazilian Steakhouse, Is Going Public Again
By Luisa Beltran, Barron's
Nov. 17, 2021
Fogo de Chão, the Brazilian steakhouse, is planning a return to the public equity markets.
Fogo said Wednesday it plans to raise $100 million with an initial public offering. The restaurant chain didn’t disclose how many shares it would sell or their price range. That information will come with future filings. The $100 million is also considered a placeholder amount that will change as Fogo provides more information.
more, with subscription
Fogo de Chao is going public again
The 60-unit Brazilian steakhouse chain filed for an IPO on Wednesday, three years after being taken private. It reported strong unit economics coming out of the pandemic.
By Joe Guszkowski, Restaurant Business
Nov. 17, 2021
Less than three years after being taken private, Brazilian steakhouse chain Fogo de Chao is going public again.
The 60-unit chain on Wednesday filed papers for an initial public offering, citing its unique service style in which meats are carved tableside that has helped it generate strong unit economics coming out of the pandemic.
It believes it can grow to 300 restaurants in the U.S. over the next 20 years, starting with six since 2019 and up to 10 in 2022.
The company had not yet determined its price per share or the number of shares it will offer.
Fogo de Chao's menu centers on grilled, seasoned meats...
more, including links