Burger chain Habit Restaurants prices IPO at $18 a share

20 Nov 2014

Fast-food restaurant chain, Habit Restaurants said its initial public offering was priced at USD 18 per share, valuing the company at about USD 454.5 million, reported media.

The company raised about USD 90 million from the IPO of 5 million Class A shares.

The offering was priced above the expected price range of USD 14 to USD 16, as per the media reports.

The company, which operates the fast casual Habit Burger Grill chain of restaurants, offers charburgers, sandwiches and milk shakes, as per the media reports.

The fast casual restaurant market consists of establishments where customers pay at the counter for food items that cost between USD 3-USD 12.

The fast casual segment generated sales of about USD 34.5 billion in 2013, representing an 11.3 percent increase from 2012, the company said in its filing, citing market research firm Technomic.

Source: Dion Global Type: IPO Related

Stocks	Mutual Funds		Investment tracking
A-Z Gainers - Daily \| Weekly \| Monthly Losers - Daily \| Weekly \| Monthly Group-wise listing IPO \| Top IPOs Recent IPOs \| IPO News Similar Price band Most traded - By volumes Top 100 - By market capitalisation Latest Company Results Management Speaks Market News	Top 25 schemes High-risk, High-returns Medium-risk, Medium-returns Low-risk, Low-returns Gilt Funds Funds of Funds Special Funds Liquid Funds Dynamic Asset Allocation NFOs MF Selector	Equity - ELSS Equity - Index Funds Equity - Sector Funds Equity - Balance Fund Equity - Diversified Fund MF News Budget 2024	My Portfolio My Watch List If You Had Invested... Global Indicators Forex Converter Market Indices Sectoral Indices World Indices Market Astrology Advertise with us

Stocks

Mutual Funds

Investment tracking