IPO Recap | Hot dog chain Portillo's soared 45% in Nasdaq debut

On the last trading day, the S&P 500 index climbed 0.30%, while the NASDAQ Composite index rose 0.62%, and the Dow Jones Industrial Average dropped0.02%.

On Thursday, there was no traditional IPO filed and six new stocks officially listed for trading. Restaurant chain Portillo's soared45.5% in its trading debut, valued at $2.08 billion.Ventyx Biosciencessurged31.38% in market debut, valued at $0.99 billion.

Since its founding in a small trailer which Dick Portillo called 「The Dog House,」 Portillo’s has grown to become a treasured brand with a passionate nationwide following.

Its diverse menu features all-American favorites such as Chicago-style hot dogs and sausages, Italian beef sandwiches, chopped salads, burgers, crinkle-cut french fries, homemade chocolate cake and milkshakes.

Portillo's creates a consumer experience by combining attributes of fast casual and quick service concepts with an exciting energy-filled atmosphere and restaurant model.

As of June 27, 2021, it owned and operated 67 Portillo’s restaurants across nine states.

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According to the filing, Dutch Bros is one of the fastest-growing brands in the foodservice and restaurant industry in the United States by location count. In the past five and a half years, the company has increased shop count from 254 shops in 7 states at the end of 2015 to 471 shops in 11 states as of June 30, 2021.

As of Oct 21th，it had a market cap of $3.02 billion. It went public on Sep 14h, 2021, with a first-day gain of 59.48% and a listed-to-date gain of 163.39%.