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Panera Bread Set to Take Wall Street by Storm With Confidential IPO Filing

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Panera Brands, a casual dining favorite, has made a daring move by confidentially filing for an initial public offering, as reported by the Financial Times, in a bid to energize the market in 2024.

The restaurant chain, which had attempted to sell itself through a continuation fund earlier in the year, faced a lack of support and was forced to lay off 17% of its workforce to streamline operations and boost performance ahead of a public listing, sources revealed.

Adding to its portfolio that now includes Einstein Bros. Bagels and Caribou Coffee, investment group JAB scooped up Panera Bread for $7 billion in 2017, expanding its dominance in the coffee and breakfast landscape.

As the market is abuzz with reports of other potential listings, including Kim Kardashian’s shapewear brand Skims and social media firm Reddit, the recent confidential filing of an IPO by fast-fashion giant Shein this week has intensified the anticipation surrounding upcoming public offerings.

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