Restaurant company Dave & Buster's withdraws IPO

By Renaissance Capital,

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Dave & Buster's Entertainment, which operates 60 casual dining restaurants with large arcade areas, withdrew its plans for an initial public offering on Thursday citing poor market conditions. The Dallas, TX-based company was founded in 1982 and booked $576 million in sales for the 12 months ended 7/31/2012. Goldman Sachs, Jefferies & Co., and Piper Jaffray were set to be the joint bookrunners on the deal.

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This article appears in: News Headlines IPOs
Referenced Stocks: PLAY

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