Jefferies, Piper Jaffray, Baird will be the joint bookrunning managers
By Devika Patel
Knoxville, Tenn., April 11 - Zoe's Kitchen, Inc. said it priced its $87.5 million initial public offering of stock with a $13.12 million greenshoe on Thursday. The deal was announced March 10.
The company will sell 5,833,333 common shares at $15.00 per share.
Jefferies LLC, Piper Jaffray & Co. and Robert W. Baird & Co. Inc. are the joint bookrunning managers.
Settlement is expected April 16.
Proceeds will be used to repay the company's credit facility, for growth, for working capital and for general corporate purposes.
The casual restaurant operator is based in Plano, Texas. The company intends to list its common stock on the New York Stock Exchange under the symbol "ZOES."
| Issuer: | Zoe's Kitchen, Inc.
|
| Issue: | Common stock
|
| Amount: | $87,499,995
|
| Greenshoe: | $13,124,985
|
| Shares: | 5,833,333
|
| Price: | $15.00
|
| Warrants: | No
|
| Bookrunners: | Jefferies LLC, Piper Jaffray & Co. and Robert W. Baird & Co. Inc.
|
| Co-managers: | William Blair & Co., LLC, Stephens Inc. and Stifel Nicolaus & Co. Inc.
|
| Announcement date: | March 10
|
| Pricing date: | April 10
|
| Settlement date: | April 16
|
| Stock symbol: | NYSE: ZOES
|
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