Chicken wing chain Wingstop gains 60% in its stock market debut

Wingstop is up more than 60% in its public market debut.

The chicken wings chain priced had priced its shares at $US19, more than the previously indicated range of between $US16 and $US18 a share.

The stock rose as high as $US31 per share early Friday. At this price, the company is valued at around $US880 million.

It is trading on the Nasdaq under the ticker symbol “WING.”

According to its IPO filing with the SEC, Wingstop had $US8.9 million in profits last year, and his seen growth in net income annually over the last three years.

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