Noodles & Co. boosts share price expected in IPO

Broomfield-based Noodles & Co. boosts share price expected in initial public offering

Associated Press

BROOMFIELD, Colo. (AP) -- Noodles & Co. Inc. now says it expects its stock to fetch $15 to $17 per share once the fast-casual restaurant chain goes public.

That's an increase of $2 per share over its earlier estimates.

The Broomfield, Colo.-based company plans to offer about 5.35 million shares in its initial public offering, which Nasdaq has listed for Friday under the symbol NDLS.

Noodles & Co. said in a regulatory filing Tuesday that it expects about $77 million in net proceeds, assuming an initial public offering price of $16 per share. It plans to use about $76 million of that to repay borrowings and the rest for working capital and other general corporate purposes.

Rates

View Comments (0)