The IPO market slowly makes comeback
This post is part of the On the Margin blog.
Last month, the fast-casual health food chain Freshii filed for an initial-public offering in Canada.
This week, Reuters reported that CEC Entertainment Inc. is readying its own initial public offering in the U.S., for the second half of the year.
The IPO market, it seems, is making a comeback.
Equity investors couldn’t get enough of the restaurant business from 2013 through 2015. Several companies had their IPOs in that period, some of which were remarkably small. Investors, hoping to find the next Chipotle Mexican Grill, gave these companies outsized valuations.