NEW YORK — Soon, anyone with $500 can buy a piece of Fatburger.
Fat Brands, the owner of restaurant brands Fatburger and chicken-wing chain Buffalo's Cafe, plans to sell shares to the public next month in an effort to raise $20 million. It will use that money to expand its business and pay down debt.
The Beverly Hills, California-based company plans to file for its initial public offering through a set of rules known as Regulation A+, which makes it easier for small companies to raise money. Right now, it's only gauging interest from possible investors and plans to sell its stock in September.