MOD Pizza IPO: How to buy this restaurant chain's stock?

Be the First to Comment Read

MOD Pizza IPO: How to buy this restaurant chain's stock?

 MOD Pizza IPO: How to buy this restaurant chain's stock?
Image source: © Demidovichphotostock/Megapixl.com

Highlights

  • In the draft registration statement filed with the US Securities and Exchange Commission (SEC), MOD Pizza has not revealed many details.
  • MOD Pizza IPO will only take place after the company files its final registration statement and the SEC completes its review.
  • Founded by a couple named Scott and Ally Svenson, MOD Pizza started its business operations in 2008.

MOD Pizza, Inc. is looking to go public in the US stock market and has confidentially filed documents with the regulatory authorities. According to reports, if the company goes public, then it would join the list of six restaurant companies to have gone public this year.

In 2021, Krispy Kreme, Dutch Bros Coffee, Sweetgreen and First Watch had gone public through an initial public offering (IPO). Meanwhile, Panera Brands plans to go public, and Fogo de Chao has filed for a public debut.

MOD Pizza IPO: How to buy this restaurant chain's stock?

An IPO frenzy continues across the world and companies are looking to go public to raise a good amount in gross proceeds. MOD Pizza has not revealed the number of shares to be offered or the price range of the shares, however, it is gaining attention of potential investors.

MOD Pizza IPO: Key details

In the draft registration statement filed with the US Securities and Exchange Commission (SEC), MOD

Pizza has not mentioned whether it will list its shares on the New York Stock Exchange (NYSE) or the Nasdaq Stock Market.

 MOD Pizza Stock

© 2021 Kalkine Media Inc.

The IPO will only take place after the company files its final registration statement and the SEC completes its review and approves the documents. Until then, the interested investors cannot invest in the company as it remains private.

Also Read: Pure Watercraft: Is the startup going public & can you buy its stock?

If the IPO happens, MOD Pizza could allot some shares to a brokerage company, which allows retail investors to try and grab the shares of a company prior to its debut. Alternatively, some stockbrokers could also give access to the pre-IPO shares.

Bottom line

Founded by a couple named Scott and Ally Svenson, MOD Pizza started its business operations in 2008. It stands apart from other rival pizza companies as it provides artisan-style pizzas and salads to the customers, which are made on demand, sized individually, and gets ready within a few minutes.

In 2020, MOD Pizza's system-wide sales were US$ 461 million, reflecting a decrease of five per cent year-over-year (YoY).

Meanwhile, the net revenue declined by one per cent YoY to US$ 388 million. Notably, the fast-casual restaurant chain saw an increase of 275 per cent YoY in its digital revenue and the digital transactions increased 216 per cent in comparison to 2019.

Also Read: VinFast IPO: Can you buy the Vietnamese electric car maker's stock?

MOD Pizza is expanding rapidly and added 22 new locations last year, increasing the number of stores to 490.

MOD Pizza, Inc. is looking to go public in the US stock market and has confidentially filed documents with the regulatory authorities. According to reports, if the company goes public, then it would join the list of six restaurant companies to have gone public this year.

In 2021, Krispy Kreme, Dutch Bros Coffee, Sweetgreen and First Watch had gone public through an initial public offering (IPO). Meanwhile, Panera Brands plans to go public, and Fogo de Chao has filed for a public debut.

Disclaimer

Speak your Mind

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK