Portillo’s launching first drive-through only location

Chicago hot dog chain Portillo’s Inc.
PTLO,
-5.87%
said Monday that it will open its first drive-through only location in Joliet, Ill. on February 1. The 3,750-square-foot restaurant will not have a dining room, though there will be an area for pick-up orders. Delivery and catering will also be available. The company is hiring full- and part-time workers for the location. Portillo’s stock began trading in October 2021 with a $20 IPO price. Shares were trading at $32.05 on Monday afternoon. The Renaissance IPO ETF
IPO,
-1.13%
is down 23.6% over the past year while the S&P 500 index
SPX,
-0.83%
is up 21.5% for the period.