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Burger chain Habit Restaurants prices IPO at $18/shr
November 20, 2014 / 12:16 AM / 3 years ago

Burger chain Habit Restaurants prices IPO at $18/shr

Nov 19 (Reuters) - Habit Restaurants Inc, a fast-food restaurant chain known for its burgers, said its initial public offering was priced at $18 per share, valuing the company at about $454.5 million.

The company raised about $90 million from the IPO of 5 million shares.

The offering was priced above the expected price range of $14-$16. (Reporting by Amrutha Gayathri in Bangalore. Editing by Andre Grenon)

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