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| Nando's could offer cheeky shares as chicken restaurant considers stock market flotation | |
| (about 2 hours later) | |
| Nando’s Group, the South African fast-food company known for its spicy chicken and fries, is considering an initial public offering, according to people familiar with the matter. | Nando’s Group, the South African fast-food company known for its spicy chicken and fries, is considering an initial public offering, according to people familiar with the matter. |
| Nando’s is speaking to advisers and is in the early stages of planning a share sale, the people said, asking not to be identified as the deliberations are private. The company is weighing a London listing among other potential venues, they said. No final decisions have been made and the company may look at other ways to raise funds, they said. | Nando’s is speaking to advisers and is in the early stages of planning a share sale, the people said, asking not to be identified as the deliberations are private. The company is weighing a London listing among other potential venues, they said. No final decisions have been made and the company may look at other ways to raise funds, they said. |
| Reports about plans for an IPO are incorrect, and the company isn’t looking at ways to raise money, a spokesman said in an e-mailed statement. | Reports about plans for an IPO are incorrect, and the company isn’t looking at ways to raise money, a spokesman said in an e-mailed statement. |
| An overseas IPO would help the Johannesburg-based company, originally backed by billionaire Dick Enthoven, raise money in a currency other than South Africa’s rand as it continues to expand globally. A Nando’s IPO would follow in the footsteps of other South African companies, such as Steinhoff International Holdings and Brait, which have primary listings outside the country to hedge against a volatile currency. | An overseas IPO would help the Johannesburg-based company, originally backed by billionaire Dick Enthoven, raise money in a currency other than South Africa’s rand as it continues to expand globally. A Nando’s IPO would follow in the footsteps of other South African companies, such as Steinhoff International Holdings and Brait, which have primary listings outside the country to hedge against a volatile currency. |
| A listing in London would also give Nando’s access to a large investor base. Companies raised nearly $8bn from IPOs in the UK last year, compared with $647 million in South Africa, data compiled by Bloomberg show. | A listing in London would also give Nando’s access to a large investor base. Companies raised nearly $8bn from IPOs in the UK last year, compared with $647 million in South Africa, data compiled by Bloomberg show. |
| Nando’s Group, the South African fast-food company known for its spicy chicken and fries, is considering an initial public offering, according to people familiar with the matter. | Nando’s Group, the South African fast-food company known for its spicy chicken and fries, is considering an initial public offering, according to people familiar with the matter. |
| Nando’s is speaking to advisers and is in the early stages of planning a share sale, the people said, asking not to be identified as the deliberations are private. The company is weighing a London listing among other potential venues, they said. No final decisions have been made and the company may look at other ways to raise funds, they said. | Nando’s is speaking to advisers and is in the early stages of planning a share sale, the people said, asking not to be identified as the deliberations are private. The company is weighing a London listing among other potential venues, they said. No final decisions have been made and the company may look at other ways to raise funds, they said. |
| Reports about plans for an IPO are incorrect, and the company isn’t looking at ways to raise money, a spokesman said in an e-mailed statement. | Reports about plans for an IPO are incorrect, and the company isn’t looking at ways to raise money, a spokesman said in an e-mailed statement. |
| An overseas IPO would help the Johannesburg-based company, originally backed by billionaire Dick Enthoven, raise money in a currency other than South Africa’s rand as it continues to expand globally. A Nando’s IPO would follow in the footsteps of other South African companies, such as Steinhoff International Holdings and Brait, which have primary listings outside the country to hedge against a volatile currency. | An overseas IPO would help the Johannesburg-based company, originally backed by billionaire Dick Enthoven, raise money in a currency other than South Africa’s rand as it continues to expand globally. A Nando’s IPO would follow in the footsteps of other South African companies, such as Steinhoff International Holdings and Brait, which have primary listings outside the country to hedge against a volatile currency. |
| A listing in London would also give Nando’s access to a large investor base. Companies raised nearly $8bn from IPOs in the UK last year, compared with $647m in South Africa, data compiled by Bloomberg show. | A listing in London would also give Nando’s access to a large investor base. Companies raised nearly $8bn from IPOs in the UK last year, compared with $647m in South Africa, data compiled by Bloomberg show. |
| Bloomberg | Bloomberg |