Advent's Bojangles Completes IPO, Raises over $147M
May 11, 2015
Advent International-backed Bojangles completed its IPO Friday, listing on the NASDAQ under the symbol BOJA. The quick-service restaurant chain priced shares at $19, above its previously expected price range, and raised just over $147 million. Advent, which held a 94.33% pre-IPO stake, maintained a majority interest in the company following the offering. At the end of Friday's trading session, Bojangles shares closed up 25% at $23.75.