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Chefs' Warehouse sets terms for $120 million IPO

July 14, 2011

Chefs' Warehouse Holdings, Inc., a specialty food products distributor with a portfolio of over 11,500 stock-keeping units, announced terms for its IPO on Thursday. The Ridgefield, CT-based company plans to raise $120 million by offering 8 million shares at a price range of $14 to $16. At the midpoint of the range, Chefs' Warehouse will command a market value of $310 million. Chefs' Warehouse, which was founded in 1985 and booked $343 million in sales for the 12 months ended March 25, 2011, plans to list on the NASDAQ under the symbol CHEF. Jefferies & Co., BMO Capital Markets, and Wells Fargo Securities are the lead underwriters on the deal.