Panera Bread to Go Public Again in IPO Backed by Shake Shack Founder’s SPAC

Panera Bread to Go Public Again in IPO Backed by Shake Shack Founder’s SPAC
A hiring sign is seen in front of a Panera Bread outlet in Louisville, Kentucky, on June 7, 2021. Amira Karaoud/Reuters
Reuters
Updated:

Panera Bread plans to return to public markets through a U.S. initial public offering backed by Shake Shack founder Danny Meyer’s blank-check company, the latest in a flurry of restaurant listings this year as dining out returns.

Meyer himself will directly invest in the Panera Bread owner at the time of the IPO, Panera Brands said on Tuesday, and become the lead independent director of the company’s board.