Bobbys Burger Palace Launches Initial Public Offering Via Jobs Act Regulation A+ with Sights Set on NYSE MKT Listing
Bobbys Burger Palace, the fast casual burger concept created by award-winning chef, Bobby Flay, today announced the intention to file a Regulation A+ initial public offering that allows any investor the opportunity to invest in the Companys vision for accessible, high-quality burgers.
Bobbys Burger Palace, the fast casual burger concept created by award-winning chef, Bobby Flay, today announced the intention to file a Regulation A+ initial public offering that allows any investor the opportunity to invest in the Companys vision for accessible, high-quality burgers. Created by Chef Bobby Flay and Managing Partner, Laurence Kretchmer, Bobbys Burger Palace is based on Flays love for food and travel and his commitment to bringing a signature Bobby Flay dining experience to everyone.
TriPoint Global Equities, LLC, working with its online division BANQ® (www.banq.co), will act as the lead managing selling agent and bookrunner for the offering. Bobbys Burger Palace is seeking to become the first celebrity-driven company to launch a Regulation A+ IPO with listing on the New York Stock Exchange MKT (NYSE MKT).
The Company seeks to raise up to $15 million in its IPO under Regulation A+ and then, in succession and subject to NYSE requirements, be listed on the NYSE MKT as FLAY. Bobbys Burger Palace intends to use the proceeds from the offering to fund domestic and international expansion, sales and marketing, and for working capital and other general corporate purposes. Individuals interested in learning more about the Bobbys Burger Palace Regulation A+ investment opportunity and registering an indication of interest can visit banq.co/listings/bbp.
I created Bobbys Burger Palace with one goal in mind to bring a quality burger experience to everyone and I have spent the last nine years perfecting the concept. I am thrilled to be able to finally share BBP with our fans around the world, said Founder, Bobby Flay.
We are very excited to be able to bring Bobbys Burger Palace to millions of Americans and other investors around the world by creating the opportunity to invest in our Company by buying shares at the initial offering price, said Managing Partner, Laurence Kretchmer. While a traditional public offering is generally reserved for large institutional investors and only the clients of the investment bank, we are taking advantage of new SEC regulations to level the playing field for all investors to participate concurrently in our IPO.
A Bobby Flay Dining Experience For All:
Founded in 2008, Bobbys Burger Palace is a fast casual burger concept created by award-winning Chef Bobby Flay. With the goal of bringing a signature Flay dining experience to diners everywhere, Bobbys Burger Palace currently operates 17 locations throughout the U.S., with the intent to expand into new markets around the globe.
Located across nine states and Washington D.C., Bobbys Burger Palace celebrates Flays love for the grill, with a menu comprised of over a dozen made-to-order, high-quality, never-frozen signature burgers, with proprietary sauces and toppings, hand-cut fries, as well as bold salads, spoon-bending milkshakes and refreshing drinks, all created from original Bobby Flay recipes.
Taking inspiration from Flays own travels across the U.S., Bobbys Burger Palace has come to reflect the dining cultures where individual restaurants are located, each featuring distinctly local flavors and recipes. True to its signature welcoming hospitality and approachable price points, Bobbys Burger Palace brings Flays favorite food to everyone.