Fogo de Chãowent public today, and its sharessurged more than 28%.
The Brazilian steakhouse chain had priced its IPO at $US20 and opened at $US26 per share, up 30%.
The company is trading on the New York Stock Exchange with the ticker FOGO.
At $US26 per share, the company has a market value of around $US708 million.
The restaurant features a buffet-style spread of various meats.
According to its IPO filing, Fogo de Chão had 34 restaurants in the US and Brazil as at the end of 2014, and generated $US262 million in revenues last year.
The chain plans to increase the number of restaurants by about 10% annually, with a focus on North America.
There have been a number of other stellar restaurant IPOs in recent months. Last Friday, chicken wing chain Wingstop surged 60% in its public market debut.