Jefferies, Piper Jaffray William Blair, Raymond James were bookrunners
By Devika Patel
Knoxville, Tenn., Oct. 21 – Dave & Buster's Entertainment, Inc. said the underwriters for its initial public offering of stock opted to exercise the deal’s $14.12 million greenshoe in full for total proceeds of $108.24 million. The deal priced for $94.12 million with the greenshoe on Oct. 9.
The company sold 6,764,705 common shares at $16.00 apiece. Of the shares, 882,352 were part of the fully exercised greenshoe.
Jefferies LLC and Piper Jaffray & Co. were the lead bookrunners and William Blair & Co., LLC, Raymond James & Associates, Inc. and Stifel were also bookrunners.
Proceeds will be used for debt repayment.
Based in Dallas, Dave & Buster's is the parent company of Dave & Buster's, Inc., an owner and operator of 70 venues combine dining and entertainment. It intends to list its common stock on the Nasdaq under the symbol “PLAY.”
| Issuer: | Dave & Buster's Entertainment, Inc.
|
| Issue: | Common stock
|
| Amount: | $108,235,280 (including $14,117,632 greenshoe)
|
| Shares: | 6,764,705
|
| Price: | $16.00
|
| Warrants: | No
|
| Bookrunners: | Jefferies LLC and Piper Jaffray & Co. (leads), William Blair & Co., LLC, Raymond James & Associates, Inc. and Stifel
|
| Co-manager: | LOYAL3 Securities, Inc.
|
| Pricing date: | Oct. 9
|
| Settlement date: | Oct. 21
|
| Stock exchange: | Nasdaq: PLAY
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
