Nando’s Group, the South African fast-food company known for its spicy chicken and fries, is considering an initial public offering, according to people familiar with the matter.
Nando’s is speaking to advisers and is in the early stages of planning a share sale, the people said, asking not to be identified as the deliberations are private. The company is weighing a London listing among other potential venues, they said. No final decisions have been made and the company may look at other ways to raise funds, they said.
Reports about plans for an IPO are incorrect, and the company isn’t looking at ways to raise money, a spokesman said in an e-mailed statement.