So much so that it makes the initial public offerings of years 2017-2020 almost insignificant. The current market capitalization of McDonald’s (IPO 1978) is the largest in the history of the industry.There is a high level of concentration with the largest three restaurant chains McDonalds, Starbucks, and Chipotle accounting for 66% of foodservice market capitalization.as of July 2022 is $485.5 billion (51 stocks between NASDAQ and NYSE, excluding over-the-counter stocks). The total market capitalization of foodservice stocks in the U.S.2014 was the year with most restaurant IPOs with 8 stocks going public including Dave and Buster’s, Del Taco, El Pollo Loco, One Group, Papa Murphy’s, Restaurant Brands International, Habit, and Zoe’s Kitchen.Five companies went public in 2021: drive-thru coffee chain Dutch Bros, casual dining First Watch, Krispy Kreme, QSR hot-dogs chain Portillos, and fast-casual salad focused Sweetgreen.2021 was the best year for Restaurant IPOs since 2015 and classifies as one of the second-best years along with 20, each with 5 IPOs.Since 2002 there has been at least 1 restaurant initial public offering every year except for 2009.There was a new flurry of restaurant chains going public in 2021, including unicorn Sweetgreen and Portillo’s, First Watch, Dutch Bros, and Krispy Kreme. On the contrary, we’ve seen plenty of activity on the Private Equity side, with angel investors, PE funds, and seed capital making their way into restaurant chains large and small. But that doesn’t mean 2016-2017 was a bad span for capital markets. IPOs, in general, saw a downtick in 2016, so the fact that no restaurant chains went public was hardly surprising (106 companies went public on U.S. There wasn’t a significant restaurant IPO between 2016–2018. There was a span of nearly two years (2008-2010), for instance, in which only one restaurant made its initial public offering, which can be largely attributed to the recession.īetween 20, though, the tables had turned, with dozens of big names (Dave & Buster’s, Potbelly’s, Bojangle’s, etc.) cropping up on stock exchanges in what some analysts dubbed “the restaurant IPO craze.” Much of it, though, has occurred in spurts. Since the year 2000, we’ve seen several high-profile IPOs, from Domino’s to Sweetgreen. Just 14% of the current restaurant market capitalization can be attributed to companies that went public in 2010 or later, and 28% of the current market cap in restaurants corresponds to companies who launched IPOs after the year 2000 (as of 2022).īy comparison, McDonald’s and Starbucks, which together account for about 58% of all restaurant market cap, went public in 19, respectively. Still, those that have hit the market most recently are struggling to counter the efforts of chains that went public decades ago. Investors have a lot of faith in restaurants, as evidenced by the sheer number of chains that have gone public in the past twenty years. But for others, the future is a little more murky.īelow, we round up the restaurant Initial Public Offerings (IPOs) of the past two decades, with an emphasis on the most recent stock exchange dining debuts and who’s rumored to go next. A slew of restaurant chains have made their initial public offerings in the past few decades.
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