A Panera Bread mango yuzu citrus charged lemonade is displayed at a Panera Bread restaurant in Novato, California, on Nov. 1, 2023.
Justin Sullivan | Getty Images
Panera Bread has confidentially filed to go public again, people familiar with the matter told CNBC.
The restaurant chain, known for its soups, sandwiches and bagels, has been signaling for months that it’s looking to go public through an initial public offering. In May, Panera announced a CEO transition and said the leadership changes were “in preparation for its eventual IPO” — amid a two-year IPO drought that ended in the fall.
Mediterranean restaurant chain Cava, whose chair is Panera founder Ron Shaich, was among the trickle of companies that went public this year. Investors had mixed reactions to the slate of offerings.
Panera isn’t alone in hoping market conditions improve in 2024. Chinese-founded fast-fashion giant Shein confidentially filed to go public Monday, and Bloomberg reported Tuesday that Reddit and Skims…
2023-12-01 17:02:32
Original from www.cnbc.com
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