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Chuy's Holdings sets terms for $70 million US IPO

Posted
7/11/2012 4:58:00 PM
By: Renaissance Capital
Referenced Stocks:CHUY

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.