Kura Sushi USA, which operates 22 Japanese restaurants in the US featuring revolving sushi bars, raised $41 million by offering 2.9 million shares at $14, the low end of the $14 to $16 range. The company commands a fully diluted market value of $115 million.
Kura Sushi USA plans to list on the Nasdaq under the symbol KRUS. BMO Capital Markets and Stephens Inc. acted as lead managers on the deal.
