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Oct. 19 2021, Published 4:17 p.m. ET Portillo’s will make its highly anticipated public debut on Oct. 21. It’s expected to raise approximately $375 million. The money raised will help the fast food chain pay off its total debt of $479 million.Is Portillo's publicly traded?
Illinois-based American fast-casual restaurant chain Portillo's Inc. has filed documents to become a publicly-traded company. Established in 1963, Portillo's is a popular and leading company in the food business. The Chicago-based restaurant chain is known for its Italian beef sandwiches, hot dogs, fries and chocolate cake.Who bought Portillo's restaurant?
The brand is owned by private-equity firm Berkshire Partners, which bought the restaurant in 2014 for almost $1 billion. Portillo's is expected to be the third quick-service chain to reach the stock market in 2021, following Krispy Kreme and Dutch Bros Coffee.Who owns Portillo's Restaurant Group?
Portillo's Restaurant Group, Inc. is an American restaurant chain that specializes in serving Chicago-style food such as hot dogs, Maxwell Street Polish, and Italian Beef. The company was founded by Dick Portillo in 1963 in Villa Park, Illinois under the name "The Dog House".