CFO - Fatburger Parent Explores IPO

FAT Brands, the parent company of Los Angeles-based burger chain Fatburger and Buffalo’s Cafe and Buffalo’s Express restaurants, has announced plans to go public. It is gauging the interest of potential shareholders through its website and on the crowdfunding platform Banq.

The kind of deal FAT Brands is pursuing, called a Regulation A+ offering, is nicknamed an “IPO lite.” Created by the JOBS Act, Reg A+ offerings allow private companies to raise up to $50 million annually by selling shares to both accredited investors and the general public. FAT Brands said it plans to raise up to $20 million.