Zoe’s Kitchen, Inc. (NYSE:ZOES) today announced the pricing of its initial public offering of 5,833,333 shares of common stock at a price to the public of $15.00 per share.
All of the shares in the offering are being offered by Zoe’s Kitchen, Inc. (Zoës Kitchen). In addition, Zoës Kitchen has granted the underwriters a 30-day option to purchase up to an additional 874,999 shares to cover over-allotments, if any. The shares are expected to begin trading on April 11, 2014 on the New York Stock Exchange under the ticker symbol “ZOES.” The closing of the offering is expected to occur on April 16, 2014, subject to the satisfaction of customary closing conditions.
Jefferies LLC, Piper Jaffray & Co. and Robert W. Baird & Co. Incorporated are acting as joint book-running managers for the offering. William Blair & Company, L.L.C., Stephens Inc. and Stifel are acting as co-managers for the offering.
April 10, 2014