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Chipotle Sees Bull, IPO

Chipotle, owned by McDonalds Corp., is set to hit the stock exchange in the very near future - probably this Thursday. Trading under the symbol CMG, the chain of 489 restaurants expects to raise boatloads of cash and open a store on every corner.
Chipotle owns almost all of its restaurants. This allows the company to open new restaurants close to existing restaurants without having to deal with franchisees who want geographic exclusivity.

Little taquerias be warned. Chipotle is coming.

This entry is filed in Chipotle.

Tuesday, January 24, 2006 by Jonah.