Affirm Holdings Inc. almost doubled in its public market debut, the latest multibillion-dollar technology company to start trading significantly higher than its initial public offering price.
Wing Zone, a fast casual concept with 31 locations across the U.S. offering made-to-order chicken wings. The deal was announced early January and terms were not disclosed. The merger creates a company that attained more than $100 million in sales in 2020 in 150 markets worldwide, according to a press release. As part of the deal, Capriottiâs CEO Ashley Morris will become head of Wing Zone, which launched in 1993. Sandwich chain Capriottiâs has 115 restaurants and opened its first corporate ghost kitchens in 2020. Both brands plan to boost off-premises business in 2021.Â
FAT Brands merged with its largest shareholder,
Fog Cutter Capital, in a corporate restructuring that removes restrictions and allows the parent of
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The week of Jan. 11 is shaping up to be a busy one for the initial public offering market. This week’s lineup of IPOs includes fintech, esports, automotive and e-commerce companies offering a diverse range of investment opportunities.
Affirm Holdings: After delaying its IPO in 2020, Affirm Holdings (NASDAQ: AFRM) is set to go public this week. The company is planning on selling 24.6 million shares in a price range of $30 to $38.
The company had gross merchandise volume of $4.6 billion in fiscal 2020, up 77% year-over-year. Revenue for the first quarter was $174 million, which was up 98% year-over-year.
Affirm has 6.2 million customers and represents over 6,500 merchants.
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