What’s virtually immune to the economy, technological change, and the Amazon effect? The need to get children out of the house every now and then.
Perhaps the best way to bet on that phenomenon is investing in Chuck E. Cheese, a children’s entertainment destination and restaurant founded in 1977 whose prospects are stronger than ever. Chuck E. Cheese’s parent, CEC Entertainment, plans to go public through a merger with Leo Holdings (ticker: LHC), a blank-check company or SPAC that raised money to find a target. The last major hurdle is getting the majority of LHC shareholders who cast votes to approve the deal at an upcoming extraordinary general meeting, expected in July, after which the ticker will change to “CEC.”
IPO Edge published a detailed analysis, outlining the company’s growth engines and compelling valuation. View the full report here.