Fat Brands Eyes IPO For Twin Peaks Business: Report
Portfolio Pulse from Akanksha Bakshi
Fat Brands Inc. plans to spin off its Twin Peaks sports bar business through an IPO in the next 6-12 months, aiming for a valuation of $750 million to $1 billion. The move is intended to maximize shareholder value and boost growth. Twin Peaks has expanded to 115 locations, a 40% increase since its acquisition by Fat Brands in 2021.
June 06, 2023 | 11:56 am
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Fat Brands plans to spin off Twin Peaks through an IPO, targeting a valuation of $750M-$1B. This move aims to maximize shareholder value and boost growth.
The planned IPO of Twin Peaks is expected to have a positive short-term impact on Fat Brands' stock price. The spin-off aims to maximize shareholder value and boost growth, which could attract more investors and drive up the stock price. Additionally, the expected valuation of $750M-$1B indicates a significant increase from the $300M acquisition price in 2021, reflecting the company's successful expansion efforts.
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