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Ignite Restaurant Group files for a $100 million IPO

July 29, 2011

Ignite Restaurant Group, which operates two restaurant businesses, Joe's Crab Shack and Brick House Tavern+Tap, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The Houston, TX-based company, which was founded in 1991, owns and operates 134 restaurants in 32 states. The company booked $367 million in sales for the 12 months ended March 28, 2011. Credit Suisse, Baird, and Piper Jaffray are the lead underwriters on the deal. No pricing terms were disclosed.