The boss of restaurant chain Poke House said it is planning to launch a funding round worth up to 50 million euros (£44 million) as the business continues to eye up opportunities to grow.
Matteo Pichi, the group’s chief executive and co-founder, told the PA news agency he wants the chain to remain a global leader, looking to the Middle East as the next market to conquer with its Californian-inspired poke bowls.
“We are going through a big growth path, which we think is very important, even in the current global financial situation”, Mr Pichi told PA.
“We are focusing on fundraising, with a funding round target close to 50 million euros (£44 million), and what we call our path to IPO.”
An IPO, or initial public offering, occurs when a company goes public by selling shares in the business on the stock market.
The chain launched three years ago and has since opened 120 stores in Europe and the US, with Mr Pichi saying he had recently headed to Saudi Arabia to eye up potential new openings in the Middle Eastern market.
Mr Pichi said it has chosen not to implement significant…
