A Classic Chicago Dog with Fries and a Beer - The Chicago Dog has a Steamed Poppyseed Bun, Fresh Tomatoes, Diced Onions, Neon Green Relish,Peppers,Pickle, Yellow Mustard and a Dash of Celery Salt- Photographed on Hasselblad H3D2-39mb Camera
Our Work

Latham & Watkins Advises on Portillo’s Inc.’s Public Follow-on Common Stock Offering in “Synthetic Secondary” Transaction

August 18, 2022
Firm represents the underwriters in the offering by the fast-casual restaurant.

Portillo’s Inc. (Nasdaq: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, closed on August 16, 2022 its underwritten public offering of 8,000,000 shares of its Class A common stock at a price to the public of US$23.75 per share. The underwriters have a 30-day option to purchase up to an additional 1,200,000 shares of its Class A common stock at the public offering price, less underwriting discounts and commissions.

Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by New York partners Marc Jaffe, Ian Schuman, and Adam Gelardi, with associates MacLane Taggart and Jacob Weiner.