GEN Restaurant Group, Inc.

GEN Restaurant Group, Inc. (GENK) priced its initial public offering on Jun 29, 2023 at $12.00 per share, within its $10.00–$12.00 range, raising $43.2M, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $380.9M. Roth Capital was lead-left underwriter, joined by Craig-Hallum and Benchmark. Gibson Dunn advised the company and Stradling Yocca Carlson & Rauth advised the underwriters.

GEN Restaurant Group, Inc. operates GEN Korean BBQ, an Asian casual dining restaurant concept in the United States where guests cook their own food at the table. It has grown from its first restaurant in 2011 to 34 company-owned restaurants as of June 2023.

Status

IPO

Ticker

GENK

Exchange

Nasdaq Global Market

Priced

Jun 29, 2023

IPO price

$12.00

Price range

$10.00–$12.00

Raised

$43.2M

Market cap at IPO price

$380.9M

First filed

May 26, 2023

Underwriters

Roth Capital, Craig-Hallum and Benchmark

Company counsel

Gibson Dunn

Underwriters' counsel

Stradling Yocca Carlson & Rauth

Sector

Consumer

Country / state

CA

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