Zoe’s Kitchen, Inc. (NYSE: ZOES) has announced the pricing of its initial public offering of 5,833,333 shares of common stock at a price to the public of $15.00 per share as detailed in the press release below issued at pricing. The shares began trading today on the New York Stock Exchange under the ticker symbol “ZOES.” All of the shares in the offering are being offered by Zoe’s Kitchen, Inc. (Zoës Kitchen). In addition, Zoës Kitchen has granted the underwriters a 30-day option to purchase up to an additional 874,999 shares to cover over-allotments, if any. The closing of the offering is expected to occur on April 16, 2014, subject to the satisfaction of customary closing conditions.
Latham & Watkins LLP represents the underwriters of Zoës Kitchen’s offering, led by Jefferies LLC, Piper Jaffray & Co. and Robert W. Baird & Co. Incorporated, who are acting as joint book-running managers for the offering and William Blair & Company, L.L.C., Stephens Inc. and Stifel, who are acting as co-managers for the offering, with a corporate team led from the firm’s New York office by partners Marc Jaffe and Ian Schuman with associates Benjamin Cohen and Sinna Nasseri.