Potbelly Ups Share Price As IPO Market Still Sizzling
Potbelly raised the share price forecast for its upcoming IPO, suggesting strong demand for the fast-casual restaurant chain. The price range is now $12-$13 a share, up from a previous view of $9-$11. It expects to raise $83.9 million, up 25% from the prior expectation of $67 million, after deducting IPO expenses and commissions. It is selling 7.36 million shares of common stock that are expected to price Thursday evening, with the ticker PBPB.