NEW YORK (AP) — Soon, anyone with $500 can buy a piece of Fatburger.
Fat Brands, the owner of restaurant brands Fatburger and chicken-wing chain Buffalo's Cafe, plans to sell shares to the public next month in an effort to raise $20 million. It will use that money to expand its business.
The company based in Beverly Hills, California, plans to file for its initial public offering through a set of rules know as Regulation A+, which makes it easier for small companies to raise money. It plans to list shares on a stock exchange with the ticker symbol "FAT." Right now, it's only gauging interest from possible investors and plans to sell its stock in September.
Fat Brands says investors will have to invest a minimum of $500 when it goes public.