Taking stock of IPOsTaking stock of IPOs

Sarah E. Lockyer

With a handful of potential initial public offerings from the parent companies of Outback Steakhouse, Joe’s Crab Shack and Del Frisco’s Double Eagle Steakhouse, the restaurant industry is looking to raise more than $475 million in 2012 from public investors. 


Add to those IPOs a complex transaction that will lead Burger King back to the public markets with a potential equity value of $5.5 billion, and it looks to be a big year for new offerings of restaurant stocks.


“We’re on the front end of the curve,” said Chris Sciortino, managing director on Robert W. Baird & Co.’s consumer investment banking team. “The spring has the potential to be the first inning of a restaurant IPO burst.”


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