iPic Entertainment, which operates 16 combination movie theater and dining locations, raised the proposed deal size for its upcoming Reg A+ IPO on Friday.
The Boca Raton, FL-based company now plans to raise $40 million by offering 2.2 million shares at a price of $18.50. The company had previously filed to offer 1.4 million shares at the same price. iPic Entertainment will raise 60% more in proceeds than previously anticipated.
iPic Entertainment was founded in 2006 and booked $139 million in sales for the 12 months ended June 30, 2017. It plans to list on the Nasdaq under the symbol IPIC. TriPoint Global Equities and Roth Capital are the joint bookrunners on the deal
