Fast food chain El Pollo Loco sets terms for $100 million IPO

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El Pollo Loco Holdings, a Tex-Mex fast food chain with 401 locations primarily in California, announced terms for its IPO on Monday. The Costa Mesa, CA-based company plans to raise $100 million by offering 7.1 million shares at a price range of $13 to $15. At the midpoint of the proposed range, El Pollo Loco would command a fully diluted market value of $531 million.

El Pollo Loco, which was founded in 1980 and booked $319 million in sales for the 12 months ended March 31, 2014, plans to list on the NASDAQ under the symbol LOCO. Jefferies, Morgan Stanley and Baird are the joint bookrunners on the deal. It is expected to price during the week of July 21, 2014.



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: LOCO

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