Portillo's Inc. (PTLO) announced the pricing of its underwritten public offering of 8 million shares of its Class A common stock .
The company expects gross proceeds of approximately $116 million from the offering, assuming the underwriters do not exercise their option to purchase additional shares.
The offering is expected to close on March 4, 2024.
The underwriter has a 30-day option to purchase up to an additional 1,200,000 shares of Class A common stock at the public offering price, less underwriting discounts and commissions.
PTLO closed Wednesday's regular trading at $15.37 down $0.53 or 3.33%. In the after-hours, the stock further dropped $0.86 or 5.60%.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.