News
Chuck E Cheese May Be Holding An IPO Soon
You may soon be able to own just a tiny bit of Chuck E Cheese, the American chain of family restaurants which are especially popular amongst children. According to Reuters, the chain may be planning to open an IPO.
A Bite Of Chuck E. Cheese
The Reuters report states that firm which owns the chain of restaurants – Apollo Global Management – has been approaching banks to evaluate whether it can be presented in the stock market. Should the IPO go through, the chain will be valued at more than $1 billion. If a good offer is made, Apollo Global Management may also consider selling the chain outright.
The IPO will be issued in the hope that the combination of games and food that Chuck E.Cheese offers will set it apart in the market.
Chuck E. Cheese serves pizzas, sandwiches, chicken wings, salads and desserts. Additionally, it offers arcade games, amusement rides and animatronic displays to entertain families.
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