Twin Peaks becomes public, Panera, Fogo de Chao are considering IPOs on the stock market

The Twin Peaks Sports Bar Channel is starting to negotiate itself on Thursday on the Nasdaq using the “TWNP” Ticker, which makes it the first restaurant with the initial public of the new year and a potential decisive test for others who are looking to become public .

The stock market IPO has been lukewarm for several yearsespecially for consumer companies. Arrow inflation, higher interest rate, prudent consumers And the risk of decreasing evaluations has frightened many companies to become public. Market conditions meant that some companies have chosen to request a sale rather than trying their luck with public procurement. Even rare success, as How are you IPO, did not convince the others to follow his way.

But many hope that the stock market IPTR will be degeed this year.

“Last year was a stronger year than 2023, and we expect 2025 to have more IPO than 2024″, ” said Nick Einhorn, Vice-President of Research for Renaissance Capital, pre-time research provider and FNB focused on the IPO. “This could certainly include more public stock exchange.”

Twin Peaks will not be the first consumer company to make the jump This year – and these beginnings cannot inspire confidence.

Pork producer Smithfield FoodsA subsidiary of the WH group based in Hong Kong, began to negotiate on Tuesday. The shares dropped 7% of its $ 20 IPO at its start on the market. The company had already reduced its offer by 8.1 million shares and at a price lower than its marketed range. Smithfield’s challenges include its links with China, American trade tensions with Mexico and the proposed immigration policies that would increase its labor costs.

For its part, Twin Peaks, a rival hooters known for its revealing uniform, is relatively low, with an estimated capital value of $ 1.04 billion at $ 1.28 billion and 115 restaurants, according to a presentation of investors published by the owner Grasses. (The big brands and its president Andy Wiederhorn were charged criminally last year for a pretending for $ 47 million loans; the two denied the accusations.)

Fat Brands runs Twin Peaks and plans to use the money to reimburse the debt of your balance sheet.

Here are three other catering companies that look at the stock market IPO for their chance of becoming a public:

Jab Holding, the Reimann family investment branch, sought to unload the Panera brands, the parent company of Panera Bread and Einstein Bros. Bagels, from its wallet for several years. Jab initially took Panera Bread Private in 2017 for $ 7.5 billion.

In 2021, Panera announced an investment of the acquisition company for special purposes of Danny Meyer who would help the company to make public. But the two parties canceled the agreement by mid-2022, citing market conditions.

A year and a half later, in December 2023, Panera Brands posted confidentially to become public. Six months after the confidential deposit, the company announced a transition from the CEO and equaled the reshuffle to “the preparation of its possible IPO”.

However, a public deposit has never followed. The catering industry has started to see a decline in expenses, because many consumers have chosen to cook at home instead of eating in restaurants.

In addition, the lemonade in charge of Panera has become viral for all bad reasons; The company removed the very caffeinated drink from its menu after several unjustified deaths linked to it. Panera settled with the first applicant in October.

Earlier this month, the CEO of Panera resigned and the company exploited its financial director to intervene as acting chief. With his flowership in flow, he looks unlikely that Panera is trying to take over the public this year.

A year and A Half a word ago, Bain Capital announced that he was buying Fogo de Chao, a Brazilian steak chain in rapid growth. As Krispy Kreme,, Sweetgreen And Dutch Bros.The chain had filed a public file in 2021 – but it missed the window.

Fogo de Chao has more than 100 locations worldwide and 76 in the United States alone. The company plans to open 15 other restaurants this year.

Whenever the IPO is ready, Fogo de Chao is also.

“If the optionality is there, then we will launch”, Fogo de Chao CEO Barry McGowan told CNBC at the ICR conference in Orlando earlier in January. “I hope that this year we will see what is happening in consumer markets. I think it will start this year or next year.”

McGowan joked by saying that the financial director of Fogo de Chao, Tony Laday, filed more S-1 documents than any other financial director; The company has deposited three the first time that it became public and seven before Bain bought it.

Thanks to bath investment, Fogo de Chao is not in a hurry to become public.

“We are not in a hurry to go. We don’t want to drop seven times. We want to be safer before depositing,” said McGowan.

Roark Capital Assess inspired the brands by folding together a multitude of acquisitions in a restaurant conglomerate.

Inspire’s portfolio includes Arby’s, Jimmy John’s, Sonic, Buffalo Wild Wings, Dunkin ‘and Baskin Robbins. In all its brands, it has more than 32,600 restaurants worldwide and totals $ 30 billion in systems sales.

Almost a year ago, Bloomberg reported that Roark was at the start of the stadium IPO Discussions with potential advisers and looking for an assessment of $ 20 billion to inspire. But it has been crickets since.

However, Pitchbook identified Inspire Brands as one of the 50 names supported by the investment capital that could become public in 2025.

“Obviously, private donors will eventually want to leave their position, and the IPOs are often a way to do so,” said Einhorn.

And unlike Panera, Inspire has a stable leadership team. CEO Paul Brown has co -founded the company and has occupied its role since 2018. The financial director Kate Jaspon joined Inspire in 2021 after acquiring his employer Dunkin ‘. More than a decade ago, she was vice-president of Dunkin ‘during her own IPO.