Credit: Shutterstock photoiPic Entertainment, which operates 16 combination movie theater and dining locations, filed for an initial public offering with the SEC on Wednesday under Regulation A+.
The Boca Raton, FL-based company plans to raise $25 million by offering 1.4 million shares at a price of $18.50. At that price, iPic Entertainment would command a market value of $210 million.
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 is the lead manager on the deal. No timing on pricing was disclosed.
The article Showtime: Dine-in movie theater iPic Entertainment files for a $25 million Reg A+ IPO 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
