Firtitta blank check company upsizes IPO

Landcadia Holdings II, a blank check company owned by Tilman Fertitta has completed its Initial Public Offering (IPO). It ended up raising $275 million, up from the $250 million originally anticipated.

The stock will begin trading on the Nasdaq on May 9, 2019.

Currently Mr Fertitta owns 51.7% of Landcadia II through Fertitta Entertainment, Inc (FEI) with the remaining amount owned by Jefferies, an investment banking firm.

The same duo launched a similar IPO nearly 3 years ago. Landcadia Holdings (Landcadia I) went public after raising $250 million. In November 2018, Landcadia I acquired Waitr Holdings for $308 million. Waitr is based in Lake Charles and specializes in online delivery from local restaurants to at-home customers. It primarily serves secondary markets and has a current market capitalization of $642 million.

Press release

By my reckoning that makes 187 publicly-traded companies that have their head office in the greater Houston area. You can see the complete list here.

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