Bravo Brio Restaurant Group, which operates the BRAVO! Cucina Italiana and BRIO Tuscan Grille restaurant brands, announced terms for its IPO on Thursday. The Columbus, OH-based company plans to raise $125 million by offering 8.3 million shares at a price range of $14-$16. At the mid-point of the proposed range, Bravo Brio Restaurant Group will command a market value of $289 million. Bravo Brio Restaurant Group, which was founded in 1987 and booked $320 million in sales for the 12 months ended March 28, plans to list on the NASDAQ under the symbol BBRG. Jefferies & Co., Piper Jaffray and Wells Fargo Securities are the lead underwriters on the deal, which is expected to price during the week of October 18.
