Dave & Buster’s plans initial public offering

DALLAS (AP) — Dave & Buster’s plans an initial public offering of approximately 5.9 million shares in its second return to the public markets.

Dave & Buster’s Entertainment Inc. is the parent company of Dave & Buster’s Inc., which runs facilities that sell food and drinks and also offer video games, televisions to watch sports and other activities. It was public from 1997 until it was bought out by Wellspring Capital Partners and HBK Main Street Investors in 2006. The chain was sold four years later to private equity firm Oak Hill Capital.

The IPO is expected to price between $16 and $18 per share.

The Dallas company plans to give the underwriters an option to buy up to an additional 882,352 shares.

- FWBP Digital Partners -

Dave & Buster’s expects to list on the Nasdaq under the “PLAY” ticker symbol.

The company, formed in 1982, has 70 locations in 27 states and Canada and plans to expand overseas in 2016.