Fogo De Chao sets IPO pricing above expected range

Fogo de Chao
priced its initial public offering above its expected range, according to a Wall Street Journal report late Thursday. The Brazilian steakhouse chain has priced the offering at $20 a share, above the company’s previous expectation of $16 to $18 and giving it an implied valuation of $545 million, according to the Journal. Fogo de Chao is the fourth restaurant group to go public on a U.S. exchange this year, according to Dealogic. The stock will list on the Nasdaq under the ticker symbol “FOGO”. Read more about the Fogo de Chao IPO here.

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