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PF Chang’s Is in Early Planning for Initial Public Offering

P.F. Chang's Restaurant Chain Announces Credit Card Security Breach
Photographer: Scott Olson/Getty Images

Restaurant chain PF Chang’s is in early talks with potential advisers about an initial public offering, according to people with knowledge of the matter.

The casual-dining restaurant, backed by private equity firm TriArtisan Capital Advisors, could be valued at at least $1 billion, the people said, asking not to be identified discussing private information. Any listing could happen as soon as this year, the people said.