Bravo Brio Restaurant Group, Inc. Announces Pricing of Its Initial Public Offering
COLUMBUS, Ohio, Oct. 21, 2010 (GLOBE NEWSWIRE) -- Bravo Brio Restaurant Group, Inc. (Nasdaq:BBRG) ("BBRG") today announced that it has priced an initial public offering of 10,000,000 shares of BBRG's common stock at $14.00 per share. BBRG will offer 5,000,000 shares and certain selling shareholders will offer 5,000,000 shares. BBRG will not receive any proceeds from the sale of shares by the selling shareholders. The shares are expected to be listed today, October 21, 2010, on the Nasdaq Global Market under the symbol "BBRG." The closing of the offering is expected to occur on October 26, 2010, subject to the satisfaction of customary closing conditions. The underwriters will be granted a 30-day option to purchase an additional 1,500,000 shares of BBRG's common stock from the selling shareholders to cover over-allotments, if any.
The selling shareholders include affiliates of three private equity firms, Bruckmann, Rosser, Sherrill & Co. Management, L.P., Castle Harlan, Inc. and Golub Capital.
Jefferies & Company, Inc., Piper Jaffray & Co. and Wells Fargo Securities, LLC are acting as joint book-running managers of the offering. The co-managers are KeyBanc Capital Markets Inc. and Morgan Keegan & Company, Inc. The offering will be made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained by contacting Jefferies & Company, Inc., 520 Madison Avenue, New York, NY 10022, Attention: Syndicate Prospectus Department, or by calling toll-free 888-449-2342; Piper Jaffray & Co., Prospectus Department, 800 Nicollet Mall, Suite 800, Minneapolis, MN 55402, or by calling toll free 800-747-3924 or by email to firstname.lastname@example.org; or Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, or by calling toll-free 800-326-5897 or by email to email@example.com. The final prospectus, when it is available, also may be obtained on the Securities and Exchange Commission's Web site at www.sec.gov.
About Bravo Brio Restaurant Group, Inc.