One Of Wall Street's favourite Steakhouses Filed Plans For An IPO


Photo: YouTube

The parent company of one of Wall Street’s favourite Midtown Manhattan steakhouses just filed a registration statement for a planned initial public offering. [via MarketWatch]Del Frisco’s Restaurant Group LLC, which owns and operates 31 restaurants in 18 states, plans to sell up to $100 million in common stock, according to an SEC filing.

The steakhouse operator owns Del Frisco’s Double Eagle Steak House (Del Frisco’s), Sullivan’s Steakhouse, and Del Frisco’s Grille (the Grille).

Deutsche Bank and Piper Jaffray will act as joint book running managers for the offering, according to a company press release.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at