El Pollo Loco sets its terms to go public

July 16, 2014

El Pollo Loco, a chicken QSR based in California, has announced terms for its IPO. According to NASDAQ.com, the 401-unit chain plans to raise $100 million by offering 7.1 million shares at a price of $13 to $15.

El Pollo Loco generated $319 million in sales for the 12 months ended March 31. It plans to list on the NASDAQ under the symbol LOCO.