The restaurant and arcade chain, Dave & Buster's Entertainment, set the price for its expected initial public stock offering on Monday.
The parent company of the restaurant and arcade chain, Dave & Buster's, plans an initial public offering of approximately 5.9 million shares in its return to the public markets. The IPO is expected to price between $16 and $18 per share.
Dave & Buster's initially went public in 1997, but 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.
Dave & Buster's expects to list on the Nasdaq under the ticker "PLAY."
The company, formed in 1982, has 70 locations in 27 states and Canada and plans to expand overseas in 2016.Associated Press
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