2023-12-05 06:45:00 ET
Panera has confidentially filed to go public, according to sources for the Financial Times . Seasoned investors may be excited, remembering the company's previous track record as a public company. From mid-1999 through its acquisition by investment group JAB in mid-2017, Panera stock was a rare 100-bagger, turning every $10,000 investment into $1 million.
As Panera prepares to possibly go public in 2024, here's what investors can and can't know right now.
In 2017, Panera Bread was acquired by JAB Holding Company -- an investment group that apparently really likes bread, coffee, and tea. Before acquiring Panera, it had already built a portfolio of restaurant brands , including Krispy Kreme Doughnuts (NASDAQ: DNUT) , Peet's Coffee and Tea, Einstein Bros. Bagels, and more.
For further details see:
Panera Stock Was a 100-Bagger Before It Went Private in 2017. It Could Go Public Again in 2024.