Portillo’s Inc.
General Information | |
Business: | Portillo’s serves iconic Chicago street food through high-energy, multichannel restaurants designed to ignite the senses and create a memorable dining experience. Since our founding in 1963 in a small trailer which Dick Portillo called “The Dog House,” Portillo’s has grown to become a treasured brand with a passionate (some might say obsessed) nationwide following. Our diverse menu features all-American favorites such as Chicago-style hot dogs and sausages, Italian beef sandwiches, chopped salads, burgers, crinkle-cut French fries, homemade chocolate cake and milkshakes. We create a consumer experience like no other by combining the best attributes of fast casual and quick service concepts with an exciting energy-filled atmosphere and restaurant model capable of generating tremendous volumes. Nearly all of our restaurants were built with double lane drive-thrus and have been thoughtfully designed with a layout that accommodates a variety of access modes including dine-in, carryout / curbside, delivery and catering in order to quickly and efficiently serve our guests. As of June 27, 2021, we owned and operated 67 Portillo’s restaurants across nine states. (Note: Portillo’s priced its IPO on Oct. 20, 2021, at $20 – the top of its $17-to-$20 range – on 20.27 million shares, the number of shares in the prospectus, to raise $405.4 million.) |
Industry: | Restaurants |
Employees: | 4600 |
Founded: | 2021 |
Contact Information | |
Address | 2001 Spring Road, Suite 400 Oak Brook, IL 60523 |
Phone Number | (630) 954-3773 |
Web Address | http://www.portillos.com/ |
View Prospectus: | Portillo’s Inc. |
Financial Information | |
Market Cap | $1322.38mil |
Revenues | $496.25 mil (last 12 months) |
Net Income | $25.4 mil (last 12 months) |
IPO Profile | |
Symbol | PTLO |
Exchange | NASDAQ |
Shares (millions): | 20.3 |
Price range | $20.00 - $20.00 |
Est. $ Volume | $405.4 mil |
Manager / Joint Managers | Jefferies/ Morgan Stanley/ BofA Securities/ Piper Sandler/ Baird/ UBS Investment Bank/ William Blair |
CO-Managers | Guggenheim Securities/ Stifel/ Loop Capital Markets/ Ramirez & Co. |
Expected To Trade: | 10/21/2021 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |