Portillo's Inc. (PTLO) Prices 8M Share Offering at $23.75/sh
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Portillo’s Inc. Announces Pricing of Public Follow-on Offering of 8,000,000 Shares of Class A Common Stock in “Synthetic Secondary” Transaction
August 11, 2022 7:51 PM EDTCHICAGO, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Portillos Inc. (Portillos) (Nasdaq: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced the pricing of an underwritten public offering of 8,000,000 shares of its Class A common stock at a price to the public of $23.75 per share. The underwriters have a 30-day option to purchase up to an additional 1,200,000 shares of its Class A common stock at the public offering price, less underwriting discounts and commissions.
The pre- and post-offering share counts for Portillos Class A common stock and Class B common... More
