News

Bojangles takes another step toward IPO

November 7, 2014

North Carolina-based Bojangles has taken a big step in its pursuit of going public. According to the Wall Street Journal, the chicken and biscuits chain has selected banks to help with its IPO, which is expected to raise approximately $125M. 

The move to Wall Street is expected to happen in the first half of 2015.

Bojangles' Famous Chicken 'N Biscuits finished 2013 with 574 units and more than $922M in US sales, according to Technomic data. Most of the brand's footprint is in the Carolinas.

The company's move would follow other restaurants that recently went or are planning to go public, including Wingstop, El Pollo Loco and Papa Murphy's.