El Pollo Loco withdraws IPO

El Pollo Loco Holding Inc. withdrew its $135 million initial public offering with underwriter Bank of America.

 

"El Pollo Loco's decision not to execute an IPO this year was not due to the activities of other restaurant companies," said Julie Weeks, director of communications. "Rather, it was due to current market conditions. We will continue to monitor the market and reconsider the opportunity to take the company public when the time is right." 

 

The Irvine, Calif. restaurant chain filed to go public on May 8, with plans to trade under the symbol "LOCO" on the Nasdaq.