From Earlier: Ignite Restaurant Group Prices Its Initial Public Offering of 5.77M Shares at $14.00

Ignite Restaurant Group

yesterday announced the pricing of its initial public offering of 5,769,231 shares of common stock at a price to the public of $14.00 per share. Of the shares in the offering, 5,572,703 shares are being offered by Ignite, and 196,528 shares are being offered by selling shareholders. Ignite will not receive any of the proceeds from the sale of shares sold by the selling shareholders. The shares are expected to begin trading on May 11, 2012 on the NASDAQ Global Market under the ticker symbol “IRG.” The closing of the offering is expected to occur on May 16, 2012, subject to the satisfaction of customary closing conditions. In addition, Ignite has granted the underwriters a 30-day option to purchase up to an additional 865,384 shares to cover over-allotments, if any.