Ever eaten a big pile of wings and thought you should invest in a wing company? Now you can, Wingstop Inc. of Dallas announced May 6 it has filed for an initial public offering valued at $86.25 million on the Nasdaq under the WING symbol.
The number of shares to be sold and the price range for the proposed offering have not yet been determined, according to the company.
Wingstop has more than 670 locations. It won’t be the only wing-oriented company on the stock exchange: Buffalo Wild Wings is also on the exchange under the BWLD symbol.
Wingstop says it has experienced 11 consecutive years of positive sales increases,.
Morgan Stanley, Jefferies, and Baird are acting as lead joint book-running managers for the proposed offering. Barclays, Goldman, Sachs & Co., and Wells Fargo Securities are acting as book-running managers for the proposed offering.