Panera Bread returning to markets with upcoming IPO


A Panera Bread sign is seen in Huntington Station, New York. (Photo by Bruce Bennett/Getty Images)

ST. LOUIS – Panera is returning to the public markets after four years in private hands. St. Louis-based Panera Brands filed initial paperwork Tuesday for an IPO.

It did not give a date or say how many shares will be offered. Restaurateur Danny Meyer, who developed the Shake Shack brand, said he will invest directly in Panera Brands at the time of the IPO and will become a lead independent director at the company once the IPO is complete.

Panera was founded in 1987. It went private in 2017, when it was bought by JAB Holdings for $7 billion.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trademark and Copyright 2021 The Associated Press. All rights reserved.


Latest News

More News