Fogo de Chao registers $75 million of stock for an initial public sale

Jeffries and JPMorgan are bookrunners; deal includes 30-day greenshoe

By Devika Patel

Knoxville, Tenn., April 20 – Fogo de Chao, Inc. will price an initial public offering of common stock with a 30-day greenshoe, according to a Form S-1 filed Thursday with the Securities and Exchange Commission. The company has registered up to $75 million of stock.

Jefferies and J.P. Morgan Securities LLC are the bookrunning managers. Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Piper Jaffray & Co. and Wells Fargo Securities, LLC are the co-managers.

Proceeds will be used to repay debt under the company’s senior credit facilities and for general corporate purposes, including restaurant development and working capital purposes.

The Brazilian steakhouse chain is based in Dallas. The company intends to list its common stock on the Nasdaq stock exchange under the symbol “FOGO.”

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