IRVINE, Calif., Nov. 25, 2014 (GLOBE NEWSWIRE) -- The Habit Restaurants, Inc. (Nasdaq:HABT) ("The Habit"), today announced the closing of its initial public offering of 5,750,000 shares of its Class A common stock at a public offering price of $18.00 per share. The number of shares issued at closing included full exercise of the underwriters' over-allotment option of 750,000 shares. All of the shares were offered by The Habit. The Habit received approximately $92.4 million in proceeds from the offering, net of underwriting fees and estimated expenses.
Piper Jaffray & Co., Robert W. Baird & Co. Incorporated and Wells Fargo Securities, LLC acted as lead book-runners for the offering. Raymond James & Associates, Inc. acted as a book-runner for the offering, and Stifel and Stephens Inc. acted as co-managers for the offering.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on November 19, 2014. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained by contacting: Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, by emailing prospectus@pjc.com, or by calling (800) 747-3924; Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 East Wisconsin Avenue, Milwaukee, WI 53202, by emailing syndicate@rwbaird.com, or by calling (800) 792-2473; or Wells Fargo Securities, c/o Equity Syndicate Department, 375 Park Avenue, New York, NY 10152, by emailing cmclientsupport@wellsfargo.com, or by calling 1-800-326-5897.
About The Habit Restaurants, Inc.
The Habit Burger Grill is a fast casual restaurant concept that specializes in preparing fresh, made-to-order char-grilled burgers and sandwiches featuring USDA choice tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame. The first Habit opened in Santa Barbara, California in 1969. The Habit has since grown to over 100 restaurants in 10 markets throughout California, Arizona, Utah and New Jersey.