portillos inc ptlo has set terms for its initial public offering in which the profitable illinoisbased chicago street food company is looking to raise up to 4054 million the company is offering 2027 million shares in the ipo which is expected to price between 17 and 20 a share the company is expected to have 3357 million class a and 3791 million class b shares outstanding after the ipo which would value the company at up to about 143 billion at the expected ipo pricing the company is also expected to have 3357 million llc units outstanding after the ipo the stock is expected to list on the nasdaq under the ticker symbol ptlo jefferies morgan stanley bofa securities and piper sandler are the lead underwriters the company recorded net income of 139 million on revenue of 2580 million for the two quarters ended june 27 after a net loss of 733000 on revenue of 2173 million in the same period a year ago the company is looking to go public at a time that the renaissance ipo etf ipo has slipped 12 over the past three months while the sp 500 spx has eased 07