Portillo's stock soared more than 40% after it opened at $26.00 above $20 IPO price

Tiger Newspress2021-10-21

Portillo's stock soared more than 40% after it opened at $26.00, or 30% above $20 IPO price.The company is known for its Chicago-style hot dogs, planned to raise $375 million with a market value of $1.3 billion. It was acquired by Berkshire Partners in 2014,which owns and operates a fast food chain with 67 restaurants in the Chicago metropolitan area. While the company saw a slight drop in footfall in the third quarter of 2021, it will open 600 chains in the U.S. in the future.

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精彩评论

  • WilliamFish
    2021-10-22
    WilliamFish
    C
  • Gee1
    2021-10-22
    Gee1
    great
  • vinchoo
    2021-10-22
    vinchoo
    Wow good one
  • EHG
    2021-10-22
    EHG
    Like 
  • AudreyPhua
    2021-10-22
    AudreyPhua
    They only have their outlets in United States why they don't want to venture out of the US? 
  • AudreyPhua
    2021-10-22
    AudreyPhua
    They only open their outlets in the states why not broadening their brands and venture it outside the US? Will it be easier ? 
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