Crossing Over from Private to Public

Bravo Brio Restaurant Group has set the terms of its IPO on the NASDAQ under the symbol BBRG at 8.3 million shares with a price range of between $14 and $16 per share. Jefferies & Company, Piper Jaffray and Wells Fargo Securities are leading the underwriting. Bravo owns and operates Italian restaurants and plans to use the proceeds to pay off existing debt. The company is selling 5 million shares with the remaining 3.3 million being sold by its investors Bruckmann, Rosser, Sherrill & Co., Castle Harlan and Golub Capital.

44 U.S. PE-backed companies are currently in IPO registration, according to the PitchBook Platform. Together, those companies aim to raise approximately $16.8 billion. The B2C Products and Services industry accounts for the most companies in registration with 12 companies, or 27.3%. However, the Healthcare industry, with an aggregate offering amount of $5.2 billion, accounts for the largest portion of the total $16.8 million offering amount,. This is due to the biggest IPO currently in registration, that of Hospital Corporation of America. The company, which is backed by Bain Capital, BAML Capital Partners and Kohlberg Kravis Roberts, filed for a $4.6 billion IPO back in May.