Del Frisco's sets terms for $105 million US IPO

By
A A A

Del Frisco's Restaurant Group, a high-end steakhouse operator with 32 restaurants in 18 states, announced terms for its IPO on Tuesday. The Southlake, TX-based company plans to raise $105 million by offering 7.0 million shares (38% insider) at a price range of $14.00 to $16.00. At the midpoint of the proposed range, Del Frisco's Restaurant Group would command a market value of $335 million.

Del Frisco's Restaurant Group, which was founded in 1982 and booked $212 million in sales for the 12 months ended 3/20/2012, plans to list on the NASDAQ under the symbol DFRG. Private equity firm Lone Star Funds is the sole shareholder and selling 15% of its stake on the IPO. Lone Star Funds will own approximately 69% of shares outstanding following the offering. Deutsche Bank Securities, Piper Jaffray and Wells Fargo Securities 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 The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: DFRG

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

Stocks

Referenced

100%

Most Active by Volume

100,376,898
  • $17.62 ▲ 0.51%
83,231,837
  • $25.62 ▲ 1.91%
75,739,329
  • $111.78 ▼ 0.77%
65,297,937
  • $36.37 ▼ 1.76%
59,053,093
  • $47.66 ▲ 0.29%
53,482,350
  • $2.59 ▼ 0.38%
51,504,284
  • $7.34 ▲ 2.37%
51,434,656
  • $8.14 ▲ 6.96%
As of 12/19/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com