Ignite Restaurant Group Inc Announces Completion Of Initial Public Offering And Exercise Of Over-Allotment Option

Ignite Restaurant Group Inc announced the completion of its Initial Public Offering at $14 per share, less the underwriting discount. The Company sold a total of 6,438,087 shares of common stock, which includes 865,384 shares sold pursuant to the full exercise of the underwriters’ over-allotment option, bringing total net proceeds to the Company from the offering to approximately $83,823,893 million. In addition, a selling stockholder sold an additional 196,528 shares. The issuance and sale of the shares closed on May 16, 2012. Credit Suisse Securities (USA) LLC, along with Robert W. Baird & Co. Incorporated and Piper Jaffray & Co., served as joint book-running managers for the offering. KeyBanc Capital Markets Inc., Lazard Capital Markets LLC and Raymond James & Associates, Inc. acted as co-managers for the offering.