Panera confidentially files for IPO in 2024: report

Casual-dining restaurant chain Panera Brands has confidentially filed for an initial public offering, the Financial Times reported late Thursday.

According to the FT, the parent company of Panera Bread, Caribou Coffee and Einstein Bros. Bagels, which is owned by the investment group JAB, decided in November to go public, and plans an IPO in 2024. JPMorgan Chase is reportedly the lead underwriter.

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