When Logan’s Roadhouse earlier this month filed for a $200 million initial public offering, some wondered if the long dark winter for restaurant IPOs was over.
No restaurant companies have attempted an initial public offering since 2008, when the economy accelerated its slide into the Great Recession. Since then, the volatile stock market and global financial crises have kept investors wary of IPOs, which are seen as riskier bets — particularly those in the economically vulnerable restaurant industry.
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