Shakey’s Pizza IPO
December 12, 2016
This week’s Company Report is the Shakey’s IPO.
One of the Filipino public’s favorite restaurant brands, Shakey’s, is listing in the PSEi with the stock code PIZZA. Starting with one store in 1975, Shakey’s is now going for 200 plus stores in 2017. Growth is Shakey’s main strength despite the stiff competition among many pizza store brands. This is led by Greenwich followed by Pizza Hut and others. Shakey’s is using its IPO proceeds for a commissary and some debt payment. It looks forward to a bright future as it expands with 20 new stores in 2017.
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