FOR IMMEDIATE RELEASE
Wingstop Inc. Announces Pricing of Its Initial Public Offering
Dallas, TX. June 11, 2015 (Globe Newswire) – Wingstop Inc. (“Wingstop”) today announced the pricing of its initial public offering of 5,800,000 shares of its common stock at a price to the public of $19.00 per share. Wingstop is offering 2,150,000 shares of common stock and selling stockholders are offering 3,650,000 shares of common stock. The underwriters for the offering will also have a 30-day option to purchase up to an additional 870,000 shares of Wingstop common stock from one of the selling stockholders at the initial public offering price, less the underwriting discount. Wingstop common stock is expected to begin trading on The Nasdaq Global Select Market on June 12, 2015 under the symbol “WING”.
Morgan Stanley, Jefferies, and Baird are acting as lead joint book-running managers for the proposed offering. Barclays, Goldman, Sachs & Co., and Wells Fargo Securities are acting as book-running managers for the proposed offering. The offering is expected to close on June 17, 2015, subject to customary closing conditions.
A copy of the final prospectus related to the offering may be obtained from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department; or Jefferies LLC, 520 Madison Avenue, 2nd Floor, New York, New York 10022, Attention: Equity Syndicate Prospectus Department (Tel: +1 877 547 6340, e-mail: Prospectus_Department@Jefferies.com); or Robert W. Baird & Co. Incorporated, 777 E. Wisconsin Avenue, Milwaukee, WI 53202, Attention: Syndicate Department (Tel: + 1 800 792 2473, e-mail: firstname.lastname@example.org).
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission. Copies of the registration statement can also be accessed by visiting the Securities and Exchange Commission website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Founded in 1994 and headquartered in Dallas, Texas, Wingstop has more than 745 restaurants open across the United States, Mexico, Russia, Singapore, the Philippines, Indonesia and United Arab Emirates. Wingstop specializes in cooked-to-order, hand-sauced and tossed chicken wings offered in 11 proprietary flavors, which range from extremely hot to mild: Atomic, Mango Habanero, Cajun, Original Hot, Louisiana Rub, Mild, Hickory Smoked BBQ, Lemon Pepper, Garlic Parmesan Hawaiian and Teriyaki. Wingstop’s bone-in and boneless chicken wings can be paired with a variety of house-made sides including Wingstop’s hand-cut, freshly-prepared seasoned fries.