Bojangles’, a restaurant chain known for its chicken and biscuits with over 600 locations, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
Bojangles' could be the second restaurant IPO of the year, following Shake Shack's (SHAK; 135%) explosive performance since January. 2014 restaurant IPOs have also held up, including El Pollo Loco (LOCO; +71%), The Habit Restaurants (HABT; +73%) and Zoe's Kitchen (ZOES; +118%)
The Charlotte, NC-based company, which was founded in 1977 and booked $430 million in sales for the 12 months ended December 31, 2014, plans to list on the NASDAQ under the symbol BOJA. Bojangles’ initially filed confidentially on January 12, 2015. BofA Merrill Lynch, Wells Fargo Securities and Jefferies are the joint bookrunners on the deal. No pricing terms were disclosed.
