Chuy's Holdings sets terms for $70 million US IPO


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Chuy's Holdings, a mexican restaurant chain with 36 locations in Texas and the Midwestern US, announced terms for its IPO on Wednesday. The Austin, TX-based company plans to raise $70 million by offering 5.8 million shares at a price range of $11.00 to $13.00. At the midpoint of the proposed range, Chuy's Holdings would command a market value of $188 million.

Chuy's Holdings, which was founded in 1982 and booked $139 million in sales for the 12 months ended 3/25/2012, plans to list on the NASDAQ under the symbol CHUY. Jefferies & Co. and Baird are the joint bookrunners on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: CHUY

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