FAT Brands (NASDAQ: FAT) rang the NASDAQ opening bell this morning following its successful Reg A+ initial public offering (IPO). The offering was launched this summer with a goal of raising $20 million. The IPO closed on Friday, October 27, exceeding its target by raising $24 million through the sale of two million shares priced at $12.00 per share. Operating with its online division BANQ®, TriPoint Global Equities, LLC acted as the lead managing selling agent and sole book runner for the offering. Additionally, the company aims be the first Reg A+ Issuer listed on a National Securities Exchange to pay a dividend. “With the proceeds raised from our IPO, we will be able to acquire new concepts and continue to grow our company globally under our asset-light model,” FAT Brands CEO and founder Andy Wiederhorn stated in the news release.
To view the full press release, visit: http://nnw.fm/8pIi7
About FAT Brands
Fresh Authentic Tasty (FAT) Brands is a global franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The company currently owns three restaurant brands that have more than 300 locations open and under development with an overall footprint in 18 countries. For more information, visit the company’s website at www.fatbrands.com.
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