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Chuy's Holdings sets terms for $70 million US IPO
By: Renaissance Capital
Chuy's Holdings, a mexican restaurant chain with 36 locations
in Texas and the Midwestern US, announced terms for its IPO on
Wednesday. The Austin, TX-based company plans to raise $70
million by offering 5.8 million shares at a price range of $11.00
to $13.00. At the midpoint of the proposed range, Chuy's Holdings
would command a market value of $188 million.
Chuy's Holdings, which was founded in 1982 and booked $139 million in sales for the 12 months ended 3/25/2012, plans to list on the NASDAQ under the symbol CHUY. Jefferies & Co. and Baird are the joint bookrunners on the deal.