ICR is providing financial communications counsel to two eatery chains planning separate initial public offerings.
Zoe's Kitchen, the expanding Birmingham, Ala.-based fast casual chain of 110 Mediterranean-style eateries in 15 states, registered March 10 for an IPO to raise up to $80.5M. ICR senior VP Liz Brady DiTrapano works with Zoe's, which had revenue topping $116M in 2013 on a net loss of $3.7M. It plans a New York Stock Exchange listing.
ICR also advises Vancouver-based Papa Murphy's Holdings, the "take 'n' bake" pizza franchise which makes fresh pizzas for customers to cook at home, is looking to raise up to $70M with its NASDAQ offering. ICR senior VP Jessica Liddell oversees that account.
Lee Equity Partners controls Papa Murphy's, which has 1,418 locations -- company-owned and franchised -- and annual revenues north of $80M. Net loss for 2013 was $2.6M.
Reuters noted the latest filings come amid a strong wave of restaurant chain IPOs like Del Frisco's, Potbelly and Chuy's Holdings. Renaissance Capital said IPOs across the board are 82% ahead of the same period of 2013.