Torchy’s Tacos could speed growth with IPO this year

The next restaurant chain to go public may be the fast-casual Torchy’s Tacos. Bloomberg reported that the Austin, Texas-based fast-casual chain has hired Morgan Stanley and Bank of America Corp. to explore a proposed initial public offering this year. The report indicated Torchy’s could raise an estimated $300 million and have a valuation of about $1 billion. Read the Nation’s Restaurant News story here

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