PF Chang’s Restaurant Chain Is Said to Plan Initial Offering

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.

Representatives for Scottsdale, Arizona-based PF Chang’s declined to comment and TriArtisan Capital didn’t immediately respond to a request for comment.

Founded in 1993 by Paul Fleming and Philip Chiang, PF Chang’s operates more than ...