FAST CASUAL - Fatburger prepping for IPO

FAT Brands, the parent company of Fatburger, Buffalo's Cafe and Buffalo's Express, is going public, according to a company press release that said the move will allow anyone to invest in the 200-unit franchise. The company plans to raise up to $20 million with the help of TriPoint Global Equities, LLC, which will be FAT Brands' sole book runner and lead managing selling agent.

"Our dedication to quality and great taste is reflected in our loyal worldwide following as our brands have grown over the years. We have developed the management team and business infrastructure to continue to grow our brands, acquire new brands and grow them globally under our asset-light model," FAT Brands Founder and CEO Andy Wiederhorn, said in the release. "As we make the transition from a private company to a public one, we are delighted to position our restaurants so that our fans can now be part owners too."