Kura Sushi USA, Inc.

Kura Sushi USA, Inc. (KRUS) priced its initial public offering on Aug 1, 2019 at $14.00 per share, within its $14.00–$16.00 range, raising $40.6M, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $110.6M. BMO Capital Markets was lead-left underwriter, joined by BTIG, Roth Capital and Maxim Group. Squire Patton Boggs advised the company and Mayer Brown advised the underwriters.

Kura Sushi USA, Inc. operates restaurants under the Kura brand in the United States and is a subsidiary of Kura Sushi, Inc. Guests get a dining experience designed for social media sharing and can win prizes from Bikkura-Pon machines.

Status

IPO

Ticker

KRUS

Exchange

Nasdaq Global Market

Priced

Aug 1, 2019

IPO price

$14.00

Price range

$14.00–$16.00

Raised

$40.6M

Market cap at IPO price

$110.6M

First filed

Jul 3, 2019

Underwriters

BMO Capital Markets, BTIG, Roth Capital and Maxim Group

Company counsel

Squire Patton Boggs

Underwriters' counsel

Mayer Brown

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.