Rubio’s Restaurants Seeks Approval for IPO
Associated Press
SAN DIEGO —
Fans of Rubio’s Baja Grill may soon be able to own a piece of the restaurant that helped popularize fish tacos in Southern California.
Rubio’s Restaurants Inc. took the first step Friday toward an initial public stock offering. The company filed an IPO registration with the Securities and Exchange Commission, an approval process that takes a minimum of 30 days. The filing proposes the sale of 3.1 million common shares.
Rubio’s, which had 1998 sales of $45 million, has 64 locations in Southern California, Denver, Phoenix and Las Vegas. In 1997, it was listed as the 166th-largest Latino-owned firm in the U.S. by Hispanic Business Magazine.
