30 8 / 2013
via Chicago Tribune
Chicago-based sandwich maker Potbelly Corp. has filed for a $75 million initial public offering of common stock. The company, formed in 1977, also serves salads, milkshakes and cookies. Potbelly told the Securities and Exchange Commission in a preliminary prospectus that Bank of America Merrill Lynch and Goldman Sachs were among the underwriters for the IPO. The filing did not reveal how many shares the company planned to sell or their expected price.
MY TAKE: I know cupcakes are not sandwiches but I hope that Potbelly manages expectations better than CRUMBS who filed for a $66M IPO two years ago and is trading at only $1.16.
16 4 / 2013
Fairway Market will go public today and could soon be worth more than fancy-food competitor Whole Foods. Bloomberg reports that the supermarket chain’s IPO is scheduled to be $453.6 million. The company, which currently has 12 stores throughout the East Coast and aims to expand to more than 300 shops throughout the country, raked in $554.9 million in sales last year—which is a whole lot of groceries.
via Village Voice
09 11 / 2012
Online food delivery service GrubHub wouldn’t confirm or deny reports Friday that it plans an initial public offering next year. The Chicago-based company said it is keeping its options open as it continues to grow, according to the Chicago Tribune. Reuters earlier reported that GrubHub, which lets diners order food via the Internet or mobile phones, has selected Citigroup to lead an IPO in 2013 and is in the process of filling out the rest of its underwriting syndicate. The news agency said it talked to three sources who requested anonymity because the IPO plans are not public. GrubHub spokeswoman Abby Hunt called the report “speculation,” the Tribune said.