Dave & Buster’s Entertainment Inc., the parent of the Dave & Buster’s restaurant/arcade chain, hopes to raise up to $105.9 million in an initial public offering, the company said Monday.
The Dallas-based chain, which had earlier announced plans to return to the public market, expects to sell up to 5.88 million shares of common stock at $16 to $18 a share.
Its application to trade on the Nasdaq under the ticker symbol “PLAY” has been approved.
Restaurant chains have been increasingly tapping into investor appetites for food stocks. Stock in Plano, Texas-based Zoës Kitchen jumped 40 percent in the first few months after its IPO.