Del Frisco's IPO Not Well Done
On Friday, Del Frisco's Restaurant Group (DFRG), which owns high-end steak houses Del Frisco's and Sullivan's, went public at $13 per share in what was a downsized transaction.
Originally, the company filed to sell 7 million shares between $14-16, but wound up cutting that to 5.8 million shares at the aforementioned IPO price of $13. To me, had the company gone public soon after its Jan. 24 S-1 filing with the SEC, a time when the economy appeared to be on the upswing, things would have looked brighter for DFRG shares....408 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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