Del Frisco's Restaurant Group LLC announces IPO

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Deal Participants:
IPO Company: Del Frisco's Restaurant Group LLC View Profile Charts Homepage
Deal Financials:
Stock Offer Price: $13.00 per share
Number of Shares Offered:
5.8 million
Total Cash Raised : $75 million

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Announced/Filed: Jul 30, 2012


Shares of Del Frisco's Restaurant Group (DFRG) had an uninspiring public debut on Friday. Shares of the Steakhouse restaurant group ended the day at $13.00 per share, unchanged from its offering price.

The public offering

Del Frisco's sold 7.0 million shares for $13 a piece in its public offering. Del Frisco, which currently operates 32 premier restaurants throughout the country raised $56 million in gross proceeds from the public offering. The company offered 4.3 million shares, with selling shareholders offering another 2.7 million shares. The public offering is quite a disappointment given that the company initially planned to sell its shares within a $14-$16 offer range in the beginning of July. Based on the $13 offer price, the firm is valued at $290 million. Major banks which brought the company public were Deutsche Bank, Piper Jaffray and Wells Fargo.

Deal Links:
Banking Representation:
IPO Lead Underwriter: Deutsche Bank Securities
IPO Co-Lead Underwriter: Piper Jaffray
Legal Representation:
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Edit History:
Jul 30 '12
This version submitted by howmania