Bricktown Brewery Restaurants, an Oklahoma-based operator of 14 casual dining restaurants serving in-house beers, announced terms for its IPO on Tuesday.
The Oklahoma City, OK-based company plans to raise $15 million by offering 1.9 million shares at a price range of $7 to $9. At the midpoint of the proposed range, Bricktown Brewery Restaurants would command a market value of $40 million. As the market value is under $50 million, Renaissance Capital is no longer tracking the IPO or including it in our IPO stats.
Bricktown Brewery Restaurants was founded in 1992 and booked $28 million in sales for the 12 months ended December 31, 2018. It plans to list on the Nasdaq under the symbol BEER. ThinkEquity is the sole bookrunner on the deal.
