BROOMFIELD — Noodles & Co., a fast-casual chain of restaurants based in Broomfield, on Tuesday said it has launched a public offering of shares of its Class A common stock.
Noodles (Nasdaq: NDLS) is offering 2,500,000 shares of Class A common stock for sale, and certain of its stockholders intend to offer 6,000,000 shares of Class A common stock for sale.
While owning a building seems like something every successful business should do, that’s not always the case. For many companies, it makes more sense to continue leasing space, freeing up time and capital that can be better utilized in other ways.
The selling stockholders will also grant the underwriters a 30-day option to purchase up to 1,275,000 additional shares of Class A common stock.
Jefferies LLC, Citigroup and RBC Capital Markets LLC are acting as joint book-running managers for the offering. SunTrust Robinson Humphrey Inc. and C.L. King & Associates Inc. are acting as co-managers for the offering.