Noodles' IPO could raise $75 million | Today's News | Boulder County Business Report
By Beth Potter May 23, 2013
BROOMFIELD - Restaurant chain Noodles & Co. filed an initial public offering to raise up to $75 million to open new locations, according to documents filed Thursday with the Securities and Exchange Commission.
The Broomfield-based fast-casual restaurant company did not say what the stock price per share would be or how many shares it expected to sell. Company stock will be traded on the Nasdaq stock exchange under the symbol NDLS.
Noodles & Co. plans to open between 38 and 42 new company-owned restaurants and eight franchise restaurants in 2013, according to the documents. The company plans to grow to 2,500 restaurants in the next 15 to 20 years in the United States, according to documents.