The world-renowned restaurant chain P.F. Chang’s is reportedly in talks with potential advisors about its initial public offering. According to Bloomberg, a listing could happen as early as this year and the company could have a valuation of at least $1 billion, according to the publication.
“We do not comment on rumors or speculation. As a company, we’re constantly looking for ways to strengthen our business in the most efficient and effective manner possible. We value our relationship with our employees, guests and vendors — and will always communicate with them directly whenever there is news or information to report,” P.F. Chang’s said in an emailed statement.
The potential IPO comes two years after P.F. Chang’s was acquired by TriArtisan Capital Advisors and Paulson & Co. for an estimated $700 million.