April 10 Zoe's Kitchen Inc priced its
initial public offering at $15 on Thursday, valuing the
Mediterranean style restaurant chain at about $276 million.
Zoe's IPO raised $87.5 million from the offering, after its
initial public offering of 5.83 million shares of common stock
was priced at the upper-end of its expected price range.
The company earlier this week expected the IPO to be priced
between $13 and $15 per share.
Birmingham, Alabama-based Zoe's Kitchen is selling all the
shares in the offering.
Shares of the restaurant chain, which is expected to start
trading on Friday, will be listed on the New York Stock Exchange
under the symbol "ZOES."
Jefferies, Piper Jaffray and Baird are the lead underwriters
for the offering.
(Reporting by Avik Das and Shubhankar Chakravorty in Bangalore;
Editing by Bernard Orr)