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Focus Brands gearing up for IPO

August 2, 2013

Just weeks after Noodles & Company announced its successful IPO offering, another major restaurant brand may be following its lead. Focus Brands Inc., owner of several fast casual and QSR chains, including Moe's Southwest Grill and Cinnabon, is working on a possible initial public offering of its own, according to a blog in the Wall Street Journal.

Focus, the Atlanta-based franchisor of more nearly 3,800 restaurant locations, has reportedly been discussing the offering with investment bankers but these talks are in the early stages.

According to the blog, Focus generated more than $200 million in revenues in the 12 months ended in October 2012, and sales of more than $1.4 billion across its franchise system.

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