Chicago’s iconic Italian quick meals chain Portillo’s Scorching Canine introduced plans Monday to take the corporate public.
Portillo confidentially filed a draft registration assertion with the US Securities and Trade Fee, though the corporate has not decided what number of shares will likely be supplied or the worth vary.
In accordance with studies from the Wall Avenue Journal, the Oak Brook-based firm is focusing on a valuation of between $ 2.5 billion and $ three billion.
In 1963, Dick Portillo introduced Portillo’s first scorching canine stand to the suburbs of Villa Park, known as “The Canine Home.” Now, the restaurant chain has greater than 60 places throughout the county, in keeping with the web site.
Portillo’s has traditionally been identified for its Chicago-style scorching canines, Italian steak sandwiches, chopped salad, French fries, and chocolate cake, amongst different favorites.