News

Zoe's Kitchen prices IPO

April 11, 2014

Zoe's Kitchen has announced the pricing of its initial public offering of 5,833,333 shares of common stock at a price to the public of $15 per share.

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, according to a company press release.

The shares began trading today on the New York Stock Exchange under the ticker symbol "ZOES." The closing of the offering is expected to occur on April 16.

Jefferies LLC, Piper Jaffray & Co. and Robert W. Baird & Co. Incorporated are acting as joint book-running managers for the offering. William Blair & Company LLC, Stephens Inc. and Stifel are acting as co-managers for the offering.