Fogo de Chão, a full-service Brazilian steakhouse chain with all-you-can-eat tableside service, announced terms for its IPO on Monday.
The Dallas, TX-based company plans to raise $75 million by offering 4.4 million shares at a price range of $16 to $18. At the midpoint of the proposed range, Fogo de Chão would command a fully diluted market value of $484 million and an enterprise value of $656 million.
Fogo de Chão, which was founded in 1979 and booked $266 million in sales for the 12 months ended March 31, 2015, plans to list on the NASDAQ under the symbol FOGO. Jefferies and J.P. Morgan are the joint bookrunners on the deal. It is expected to price during the week of June 15, 2015.
