Noodles & Company, which operates over 300 fast-casual restaurants serving pasta bowls inspired by regional and worldwide cuisine, announced terms for its IPO on Monday. The Broomfield, CO-based company plans to raise $75 million by offering 5.4 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Noodles & Company would command a fully diluted market value of $449 million.
Noodles & Company, which was founded in 1995 and booked $312 million in sales for the 12 months ended April 2, 2013, plans to list on the NASDAQ under the symbol NDLS. Noodles & Company initially filed confidentially in March 2013. Morgan Stanley and UBS Investment Bank are the joint bookrunners on the deal.
