Foodservice Equipment Reports

Wingstop Files For $86M IPO

Last week, Dallas-based Wingstop Inc. became the fourth restaurant chain to file a public offering in 2015.

The chain’s IPO could raise $86 million or more. Wingstop, principally owned by Atlanta-based Roark Capital Partners, joins New York-based Shake Shack; Charlotte, N.C.-based Bojangles Inc.; and Dallas-based Fogo de Chao in filing for IPOs this year.

Wingstop’s domestic store count has increased nearly 38% since the end of 2011; it opened 74 new units in 2013. About 97% of its 712 stores are franchised; the company owns 19 restaurants. There are Wingstop units in 36 states and 41 units open in Indonesia, Mexico, the Philippines, Russia, Singapore and the United Arab Emirates.

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