Nasdaq Welcomes FAT Brands Inc. (Nasdaq: FAT) to The Nasdaq Stock Market
NEW YORK, Oct. 23, 2017 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (Nasdaq:FAT), a leading global franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world, rang the opening bell at the Nasdaq MarketSite in Times Square today in celebration of its Regulation A+ initial public offering (IPO) on The Nasdaq Stock Market.
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FAT Brands is the 5th Regulation A+ IPO on The Nasdaq Stock Market this year. Regulation A+ (Reg A+) deals provide investors with investment choices outside of the traditional IPO. Nasdaq supports small companies, including those able to take advantage of provisions of the JOBS Act, with a range of pre- and post-IPO tools.
FAT Brands currently operates the Fatburger, Buffalo’s Cafe, Buffalo’s Express and Ponderosa and Bonanza Steakhouse restaurant concepts, with more than 300 locations open and 273 under development with an overall footprint in 18 countries. They utilize an asset light franchisor model, which minimizes restaurant operating company risk, such as long-term real estate commitments or capital investments. FAT Brands has a scalable management platform that enables them to add new stores and restaurant concepts to their portfolio with minimal incremental corporate overhead cost, while taking advantage of significant corporate overhead synergies.
“FAT Brands and its franchisees provide freshly prepared, made-to-order food that customers desire,” said Nelson Griggs, President of the Nasdaq Stock Exchange. “We are extremely excited to partner with them as they continue to grow through their IPO.”
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $12 trillion. To learn more, visit: http://business.nasdaq.com.
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