Co-Manager
Zoës Kitchen Inc.
Equity Capital Markets
Initial Public Offering
Transaction Details
- On April 10, 2014, Zoës Kitchen, Inc. (NYSE: ZOES) ("Zoës," or the "Company") priced an Initial Public Offering for a deal value of $87.5 million
- The deal priced 5,833,333 shares of common stock at $15.00 per share
- The initial filing range was $11.00 - $13.00 per share
- All primary shares were offered by the Compan - The underwriters exercised a 15% greenshoe option to purchase an additional 874,999 shares (100% primary)
- The greenshoe was exercised on April 11, 2014 - Proceeds from the Initial Public Offering will be used to (i) repay the entire amount of the outstanding borrowings under the Company's credit facility, (ii) continue to support growth, primarily through opening new restaurants and (iii) for working capital and general corporate purposes
- Stephens Inc. served as a Co-Manager in the Offering
About the company
Zoës Kitchen, Inc.
Founded in 1995, Zoës Kitchen is a fast casual restaurant concept serving a distinct menu of fresh, wholesome, Mediterranean-inspired dishes delivered with Southern hospitality. With more than 110 locations in 15 states across the U.S., Zoës Kitchen aims to deliver goodness to its customers by providing simple, tasty and fresh Mediterranean meals, inspired by family recipes, and made from scratch daily.
Sources: Company filings and Stephens Inc. internal data
-
This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.