Fatburger's parent company wants to go public and let everyday investors in on the action

pulse

August 3, 2017 5:22 PM

FAT Brands, Inc. will look to raise $20 million using the Regulation A+ offering and list its shares under the ticker FAT.

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The parent company of Fatburger and Buffalo's Cafe said it will go public and allow everyday investors to get in on the action.

FAT Brands, Inc. will look to raise $20 million using Regulation A+ is meant to make it easier for small companies to essentially crowdsource investment in a "mini-IPO." Think of it like Kickstarter, except investors become real shareholders.

And as part of the rules, there are fewer requirements and regulations for companies than if it were to do a full-fledged IPO.

“As we make the transition from a private company to a public one, we are delighted to position our restaurants so that our fans can now be part owners too,” wrote FAT Brands Founder and CEO Andy Wiederhorn in a press release.

FAT Brands wants to be listed under the ticker "FAT."

The company intends to use the capital raised from the IPO for

"We have developed the management team and business infrastructure to continue to grow our brands, acquire new brands and grow them globally under our asset-light model,” wrote Wiederhorn.

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