Fast-casual restaurant chain Noodles & Company sets terms for $75 million IPO

By Renaissance Capital,

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Noodles & Company, which operates over 300 fast-casual restaurants serving pasta bowls inspired by regional and worldwide cuisine, announced terms for its IPO on Monday. The Broomfield, CO-based company plans to raise $75 million by offering 5.4 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Noodles & Company would command a fully diluted market value of $449 million.

Noodles & Company, which was founded in 1995 and booked $312 million in sales for the 12 months ended April 2, 2013, plans to list on the NASDAQ under the symbol NDLS. Noodles & Company initially filed confidentially in March 2013. Morgan Stanley and UBS Investment Bank 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.

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