Los Angeles Times

As its IPO nears, LA's Fatburger looks to grow

LOS ANGELES - The upcoming initial public offering of stock in Fatburger's parent company won't be big by Wall Street standards.

But it will draw attention because of the burger chain's near-cult status in Los Angeles. Besides its celebrity franchise owners, which include Kanye West and Pharrell, and such fans as Nicki Minaj and Justin Bieber, the company has a rich history.

African-American entrepreneur Lovie Yancey started her first restaurant - calling it Mr. Fatburger - 70 years ago in a South Los Angeles shack, catering to many area entertainers such as Ray Charles.

Over the years, the brand has been immortalized in rap songs such as

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