Piper Jaffray, Baird and Wells Fargo Securities are lead bookrunners
By Devika Patel
Knoxville, Tenn., Nov. 19 – Habit Restaurants, Inc. said it priced its $90 million initial public offering of stock with a $13.5 million greenshoe. The deal was announced Oct. 16.
The company will sell 5 million class A common shares at $18.00 apiece.
Piper Jaffray & Co., Robert W. Baird & Co. Inc. and Wells Fargo Securities, LLC are the lead bookrunning managers. Raymond James & Associates, Inc. is also a bookrunner.
Proceeds will be used to repay borrowings under the company’s credit facility with California Bank & Trust, support growth and for working capital and general corporate purposes.
The casual restaurant franchise is based in Irvine, Calif. The company expects its shares will trade on the Nasdaq under the symbol “HABT.”
| Issuer: | Habit Restaurants, Inc.
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| Issue: | Class A common stock
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| Amount: | $90 million
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| Greenshoe: | $13.5 million
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| Shares: | 5 million
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| Price: | $18.00
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| Warrants: | No
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| Bookrunners: | Piper Jaffray & Co., Robert W. Baird & Co. Inc. and Wells Fargo Securities, LLC (leads), Raymond James & Associates, Inc.
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| Co-managers: | Stifel and Stephens Inc.
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| Announcement date: | Oct. 16
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| Pricing date: | Nov. 19
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| Settlement date: | Nov. 25
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| Stock exchange: | Nasdaq: HABT
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