YUM - BurgerFi Is About to Go Public. Should You Buy?
Fast-casual burger chain BurgerFi is about to go public after reaching a $100 million merger-acquisition agreement with Opes Acquisition (NASDAQ: OPES), a so-called blank check company created to use investor money to buy companies.
When the deal is completed, which is expected to be sometime before Nov. 1, BurgerFi will be listed on the Nasdaq exchange under the ticker symbol BFI.
The casual burger restaurant has survived the high-end burger bubble, and is described as one of the nation's fastest-growing better-burger chains with about 125 restaurants. But is now really a good time to be going public, and more importantly, should investors consider buying in?