Portillo’s Inc. Announces Pricing of Public Follow-on Offering of 8,000,000 Shares of Class A Common Stock in “Synthetic Secondary” Transaction
CHICAGO, Aug. 11, 2022 (GLOBE NEWSWIRE) — Portillo’s Inc. (“Portillo’s”) (Nasdaq: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced the pricing of an underwritten public offering of 8,000,000 shares of its Class A common stock at a price to the public of $23.75 per share. The underwriters have a 30-day option to purchase up to an additional 1,200,000 shares of its Class A common stock at the public offering price, less underwriting discounts and commissions.
The pre- and post-offering share counts for Portillo’s Class A common stock and Class B common stock are listed below:
Pre-Offering
Post-Offering (No Option Exercise)
Post-Offering (Full Option Exercise)
Class A
Class B
Class A
Class B
Class A
Class B
36,218,355
35,673,321
42,111,955
29,779,721
42,995,996
28,895,680
Total
Total
Total
71,891,676
71,891,676
71,891,676
The...
