First Watch Restaurant Group, Inc.

First Watch Restaurant Group, Inc. (FWRG) priced its initial public offering on Oct 4, 2021 at $18.00 per share, raising $170.3M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $1.04B. Weil, Gotshal & Manges advised the company and Latham & Watkins advised the underwriters.

Status

IPO

Ticker

FWRG

Exchange

Nasdaq Global Select

Priced

Oct 4, 2021

IPO price

$18.00

Raised

$170.3M

Market cap at IPO price

$1.04B

First filed

Sep 7, 2021

Company counsel

Weil, Gotshal & Manges

Underwriters' counsel

Latham & Watkins

Sector

Consumer

Country / state

FL

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.