CHICAGO (WBBM NEWSRADIO) -- A Chicago-area fast food favorite hopes to become a Wall Street darling.
Portillo's is expected to go public Thursday.
The fast-casual restaurant known for its hot dogs, Italian beef, and chocolate cake will offer 20.3 million shares of stock at $20 per share.
Portillo's hopes to raise $405 million with the IPO.
In a news release, the company said shares will trade on the NASDAQ with the ticker symbol PTLO.
Portillo's went from a hot dog trailer in Villa Park in the 60's to a restaurant chain with 67 locations across nine states. According to a filing with the securities and exchange commission, Portillos is preparing for a major expansion, hoping to grow from 67 restaurants to more than 600 over the next 25 years.
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