In the February 2015 issue of QSR magazine, John Remakel is quoted in the article “The Push for Public.” The article examines the recent increase in restaurant IPOs, particularly in the fast-casual space.
Commenting on this trend, John attributes the rise in restaurant IPOs in part to the provisions of the Jumpstart Our Business Startups (JOBS) Act of 2012, which liberalized various rules surrounding securities laws and offerings, including creating a new “emerging growth company” category with reduced reporting and compliance requirements and increased flexibility in IPO communications with qualified institutional investors.
“They are allowed to test the waters now,” John said of pre-IPO restaurant companies and their bookrunners, to gauge the markets’ interest before fully committing to an IPO.
John leads the firm’s securities law practice and focuses on representing start-up, emerging and established companies across a variety of industries and sectors, including food and hospitality.
Read the full article.