Habit to price its IPO of 5 million shares between $14.00 and $16.00

Piper Jaffray, Baird and Wells Fargo Securities are joint bookrunners

By Devika Patel

Knoxville, Tenn., Nov. 10 – Habit Restaurants, Inc. will sell 5 million class A common shares in its initial public offering with a greenshoe option of 750,000 additional shares, according to a Form S-1/A filed Monday with the Securities and Exchange Commission. The deal was announced Oct. 16.

The shares will be sold at a price expected to fall between $14.00 and $16.00 per share.

Piper Jaffray, Baird and Wells Fargo Securities are the joint bookrunners. Raymond James is the lead manager and Stephens Inc. and Stifel are the co-managers.

Proceeds will be used to repay borrowings under the company’s credit facility with California Bank & Trust, support growth and for working capital and general corporate purposes.

The casual restaurant franchise is based in Irvine, Calif. The company expects its shares will trade under the symbol “HABT.”

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