Pizza chain Papa Murphy's sets terms for $70 million IPO


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Papa Murphy's, the fifth largest pizza chain in the US known for its "Take 'N' Bake" pizzas, announced terms for its IPO on Monday. The Vancouver, WA-based company plans to raise $70 million by offering about 5.8 million shares at a price range of $11 to $13. At the midpoint of the proposed range, Papa Murphy's would command a fully diluted market value of $204 million.  

Papa Murphy's, which was founded in 1981 and booked $80 million in sales for the fiscal year ended December 31, 2013, plans to list on the NASDAQ under the symbol FRSH. It initially filed confidentially on December 16, 2013. Jefferies, Baird, 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 Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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