Smashburger eyes IPO to fund growth

|By:, SA News Editor

Smashburger appears to be setting itself up to have an IPO within a year or two, according to reports.

The premium hamburger chain is looking for sources of capital to fund national expansion.

The emergence of Five Guys and Smashburger in some markets has has an impact on the local outlets of Wendy's (WEN -0.1%), Hardees, Burger King Worldwide (BKW +0.6%), and McDonald's (MCD -0.4%).