Panera Bread files for IPO

U.S. fast casual chain Panera Bread has filed to go public again, sources close to the company reportedly told CNBC.

The chain hinted at its IPO ambitions back in May during its executive leadership change.

Panera was previously taken private by JAB Holding back in 2017 for $7.5 billion.

The news comes as Panera faces public scrutiny surrounding the death of a college student from drinking one of the chain’s “charged lemonades.”