Portillo’s Inc. Announces Pricing of Offering of Class A Common Stock in “Synthetic Secondary” Transaction
CHICAGO, Feb. 28, 2024 (GLOBE NEWSWIRE) — Portillo’s Inc. (“Portillo’s” or the “Company”) (Nasdaq:PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced the pricing of its previously announced underwritten public offering of 8,000,000 shares of Portillo’s Class A common stock (“Class A common stock”). The offering is expected to result in gross proceeds to the Company (before expenses and underwriter discounts and commissions) of approximately $116 million (assuming the underwriters do not exercise their option to purchase additional shares). The offering is expected to close on March 4, 2024, subject to customary closing conditions.