Will Pret go public?
This post is part of the On the Margin blog.
There sure seems to be a lot of noise about a potential Pret A Manger initial public offering.
Last month, Reuters said that the chain’s private-equity owner, Bridgepoint, has chosen an adviser for a planned offering. On Wednesday, Bloomberg said the company was considering such an IPO. The offering would be in the U.S., rather than in the company’s home base in Britain.
We asked Pret last month if an IPO was in an offing, and they said simply that Bridgepoint is “committed to our long-term global growth plan.” They