SOUTHLAKE, Texas, July 26, 2012 (GLOBE NEWSWIRE) -- Del Frisco's Restaurant Group, Inc. announced today the pricing of its initial public offering of 5,800,000 shares of common stock, which are being sold by the company at a price of $13.00 per share (before underwriting discounts and commissions). The company's sole stockholder has granted the underwriters a 30-day option to purchase up to an additional 870,000 shares at the initial public offering price to cover over-allotments, if any. The shares will begin trading tomorrow on the NASDAQ Global Select Market under the symbol "DFRG" and the offering is expected to close on August 1, 2012.
Deutsche Bank Securities, Piper Jaffray & Co. and Wells Fargo Securities are acting as joint book running managers for the offering. Cowen and Company, LLC and Raymond James & Associates, Inc. are acting as co-managers for the offering.
This offering is being made solely by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained from the prospectus department of Deutsche Bank Securities Inc. at 60 Wall Street, New York, New York 10005, Attention: Prospectus Group, by telephone at (800) 503-4611 or by e-mailing prospectus.cpdg@db.com; from Piper Jaffray & Co. at 800 Nicollet Mall, J12S03, Minneapolis, Minnesota 55402, Attention: Equity Capital Markets, by telephone at (800) 747-3924 or by e-mailing prospectus@pjc.com; or from Wells Fargo Securities, LLC at 375 Park Avenue, New York, New York 10152, Attention: Equity Syndicate Department, by telephone at (800) 326-5897 or by e-mailing cmclientsupport@wellsfargo.com.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on July 26, 2012. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale of securities would be unlawful prior to their registration and qualification under the securities laws of any such state or jurisdiction.
About Del Frisco's Restaurant Group
Based in Southlake, TX, Del Frisco's Restaurant Group owns and operates three contemporary, high-end, complementary restaurant concepts: Del Frisco's Double Eagle Steak House, Sullivan's Steakhouse, and Del Frisco's Grille. The Company currently operates 32 restaurants across 18 states. Each of its three concepts offers steaks and other menu selections, such as chops and fresh seafood, complemented by an extensive wine selection.