Fogo de Chao to price 4,411,764 shares IPO between $16.00 and $18.00

Jeffries and JPMorgan are bookrunners; deal includes 30-day greenshoe

By Devika Patel

Knoxville, Tenn., June 15 – Fogo de Chao, Inc. will sell 4,411,764 common shares in its initial public offering with a 30-day greenshoe of 661,764 additional shares, according to a Form S-1/A filed Friday with the Securities and Exchange Commission. The company has registered up to $91,323,504 of stock for the deal, which was announced on April 20.

The shares will be sold at a price expected to fall between $16.00 and $18.00 per share.

Jefferies and J.P. Morgan Securities LLC are the bookrunning managers. Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Piper Jaffray & Co. and Wells Fargo Securities, LLC are the co-managers.

Proceeds will be used to repay debt under the company’s senior credit facilities and for general corporate purposes, including restaurant development and working capital purposes.

The Brazilian steakhouse chain is based in Dallas. The company intends to list its common stock on the Nasdaq stock exchange under the symbol “FOGO.”

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