Bobby Flay's Burger Palace is going public
AP Images
Bobby's Burger Palace will attempt to raise $15 million and subsequently be listed as "FLAY" on the NYSE, using the Regulation A+ offering established by the SEC in 2015.
"While a traditional public offering is generally reserved for large institutional investors and only the clients of the investment bank, we are taking advantage of new SEC regulations to level the playing field for all investors to participate concurrently in our IPO," said Managing Partner Laurence Kretchmer.
TriPoint Global Equities, LLC will work with its online division BANQ as the lead managing selling agent and bookrunner for the offering.
Bobby's Burger Palace, founded in 2008, currently has 17 locations in the US. The company stated in a press release that part of the goal for the IPO is generating funds to expand both domestically and globally.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas