Dave & Buster's Almost Ready to PLAY, Sets IPO Terms
September 30, 2014
Dave & Buster's, a dining and entertainment company backed by Oak Hill Capital Partners, has set terms for its IPO, planning to list nearly 5.9 million shares at an estimated price range of $16 to $18. D&B intends to list on the NASDAQ under the symbol PLAY; if priced at its range midpoint, it would raise about $100 million in the offering and claim a market cap of over $664 million. Founded in 1982, the company owns and operates 70 locations in North America, providing games and other entertainment along with food and drink. Oak Hill would retain an 81% stake after the IPO, the proceeds from which would go to repay term loan debt.