UPDATE: Potbelly Prices 7.5M Share IPO at $14.00/Share
Potbelly Corporation (NASDAQ: PBPB) announced today the pricing of its initial public offering of 7,500,000 shares of common stock at a price to the public of $14.00 per share. The Company is selling 7,349,869 shares of common stock and certain stockholders are selling 150,131 shares of common stock. The Company has granted the underwriters a 30-day option to purchase up to 1,125,000 additional shares at the initial public offering price less the underwriting discount. The shares are expected to begin trading on the NASDAQ Global Select Market under the ticker symbol "PBPB" on October 4, 2013. The offering is expected to close on October 9, 2013, subject to customary closing conditions.
BofA Merrill Lynch and Goldman, Sachs & Co. are acting as joint book-running managers for the offering, and Robert W. Baird, William Blair, and Piper Jaffray are acting as co-managers.
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