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Home > LOCO IPO Soars To Insane 20x EBITDA Multiple

LOCO IPO Soars To Insane 20x EBITDA Multiple

By Tyler Durden
Created 07/28/2014 - 09:57
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Submitted by Tyler Durden [1] on 07/28/2014 09:57 -0500



 

The "fear of missing out" (on the next Chipotle) is strong with this one as El Pollo Loco (LOCO) IPO'd at $15 on Friday, opened at $19 and today explodes to almost $33 at a mind-numbing ~20x EBITDA (market cap over $1.2 billion on a $53 million EBITDA)... crazy chicken indeed...

 

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Source URL: http://www.zerohedge.com/news/2014-07-28/loco-ipo-soars-insane-20x-ebitda-multiple

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