iPic Entertainment increases proposed Reg A+ IPO deal size to $40 million

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iPic Entertainment, which operates 16 combination movie theater and dining locations, raised the proposed deal size for its upcoming Reg A+ IPO on Friday.

The Boca Raton, FL-based company now plans to raise $40 million by offering 2.2 million shares at a price of $18.50. The company had previously filed to offer 1.4 million shares at the same price. iPic Entertainment will raise 60% more in proceeds than previously anticipated.

iPic Entertainment was founded in 2006 and booked $139 million in sales for the 12 months ended June 30, 2017. It plans to list on the Nasdaq under the symbol IPIC. TriPoint Global Equities and Roth Capital are the joint bookrunners on the deal

The article iPic Entertainment increases proposed Reg A+ IPO deal size to $40 million originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

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

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