FAT Brands, which franchises 300 restaurants mainly under the Fatburger and Ponderosa brands, raised $24 million by offering 2.0 million shares at $12, as expected. At IPO, FAT Brands commands a market value of $120 million. FAT Brands plans to begin trading on the Nasdaq under the symbol FAT on Monday. TriPoint Global Equities acted as lead manager on the deal.
