Zoe's Kitchen to price IPO of 5,833,333 shares at $13.00 to $15.00

Jefferies, Piper Jaffray, Baird will be the joint bookrunning managers

By Devika Patel

Knoxville, Tenn., April 9 - Zoe's Kitchen, Inc. will sell 5,833,333 common shares at a price expected to fall between $13.00 and $15.00 per share in its initial public offering, according to a Form S-1/A filed Wednesday with the Securities and Exchange Commission. The deal was announced March 10.

There is a 30-day greenshoe option of 874,999 additional shares.

Jefferies, Piper Jaffray and Baird are the joint bookrunning managers. William Blair, Stephens Inc. and Stifel are the co-managers.

Proceeds will be used to fully repay the company's credit facility and for growth, primarily through opening new restaurants, working capital and general corporate purposes.

The casual restaurant operator is based in Plano, Texas. The company intends to list its common stock on the NYSE exchange under the symbol "ZOES."

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