News

Muscle Maker files for IPO

November 27, 2019

Fast casual chain, Muscle Maker, aims to raise up to $59 million in an initial public offering on the Nasdaq. The filing is the second try at the public offering for the brand that has 53 stores, a majority of which are franchises, according to a Nasdaq report.

The 24-year-old Texas chain initially went for an IPO two years ago. As of the end of this past September, the chain had $5 million in sales for the prior 12-month period, according to the report.