Earlier this month, arcade and entertainment-themed restaurant chain Dave & Buster’s (PLAY) filed for its initial public offering, which will trade on the Nasdaq under the ticker “PLAY.” Now it appears we’re closing in on the finish line — according to a recently amended S-1, the Dave & Buster’s IPO will be priced between $16 and $18 per share.
The document also says Dave & Buster’s will put about 5.9 million shares up for sale. However, a provision allows a total of 882,352 additional shares of PLAY stock to be purchased by underwriters Jefferies, Piper Jaffray (PJC), William Blair, Raymond James (RJF) and Stifel (SF).
If it prices at the high end of the range, the Dave & Buster’s IPO could raise as much as $121.76 million. Obviously this is a far cry from the size of the Alibaba (BABA) recent offering — the Alibaba IPO was the biggest in history, raising an incredible $25 billion — but it’s not peanuts. Read