In a record year for the IPO market, the consumer sector is set to post its busiest year in at least two decades, with restaurants and food and beverage companies taking center stage. The newest group to take advantage of the boom are bringing hot dogs, coconut water, and wine to the IPO market in the coming week.
Restaurant chain Portillo’s (PTLO), known for its Chicago-style hot dogs, has delivered solid growth and profitability so far in 2021. Coconut water brand Vita Coco (COCO) has also maintained profitable growth coming out of the pandemic, and winery Winc (WBEV) saw a jump in revenue in 2020, thanks to an increase in DTC demand.
| Hot Dogs, Coconut Water, and Wine on Next Week's IPO Menu | |||
|---|---|---|---|
| Issuer Business | Deal Size Market Cap | LTM Revenue EBIT % | YTD Growth |
| Portillo's (PTLO) Oak Brook, IL | $375M $1,322M | $496M 14% | 19% |
| Fast casual restaurant chain known for its Chicago-style hot dogs. | |||
| Vita Coco (COCO) New York, NY | $224M $1,129M | $334M 13% | 15% |
| Makes Vita Coco coconut water and other ready-to-drink beverages. | |||
| Winc (WBEV) Santa Monica, CA | $75M $254M | $71M -10% | 20% |
| Produces and distributes wine in the US. | |||
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