Joint Bookrunner
Kura Sushi USA, Inc.
Equity Capital Markets
Initial Public Offering
Transaction Details
- On July 31, 2019, Kura Sushi USA, Inc. (“Kura” or the “Company”) announced the pricing of its initial public offering of 2,900,000 primary shares of its Class A common stock at a price to the public of $14.00 per share
- The Company also granted the underwriters a 30-day option to purchase up to an additional 435,000 shares of Class A common stock
- Shares of Kura’s Class A common stock will be listed on the Nasdaq Global Market under the ticker symbol “KRUS”
- Kura intends to use net proceeds for working capital, to fund new unit growth and for other general corporate purposes, including to repay all $3.1 million of outstanding debt
- Stephens Inc. served as Joint Bookrunner on the offering
About the company
Kura Sushi USA, Inc. is a technology-enabled Japanese restaurant concept with 22 locations in five states. The Company offers guests a distinctive dining experience built on authentic Japanese cuisine and an engaging revolving sushi service model. Kura Sushi USA, Inc. was established in 2008 as a subsidiary of Kura Sushi, Inc., a Japan based revolving sushi chain with over 400 restaurants and 35 years of brand history.
Sources: Company filings and press release
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The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link: https://www.sec.gov/Archives/edgar/data/1772177/000119312519206784/d616772ds1a.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.