Noodles & Company will IPO on the NASDAQ later this week under the ticker symbol NDLS. The Noodles & Company (NDLS) IPO should be a good one and one of the best restaurant IPO's we've seen in awhile. Noodles & Company (NDLS) stock is expected to price between $13-$15 with only 5.35 million shares unlocked. Shares outstanding will only be 29,399,697 after the underwriters purchase an additional 803,571 shares of stock.
Noodles & Company (NDLS) is a high growth, fast casual restaurant concept offering lunch and dinner within a fast growing segment of the restaurant industry. We opened our first location in 1995, offering noodle and pasta dishes, staples of many cuisines, with the goal of delivering fresh ingredients and flavors from around the world under one roof—from Pad Thai to Mac & Cheese. Today, our globally inspired menu includes a wide variety of high quality, cooked-to-order dishes, including noodles and pasta, soups, salads and sandwiches, which are served on china by our friendly team members. We believe we offer our customers value with per person spend of approximately $8.00 for the twelve months ended April 2, 2013. We have 343 restaurants, comprised of 291 company-owned and 52 franchised locations, across 26 states and the District of Columbia, as of May 28, 2013. Our revenue and income from operations have grown from $170 million and $2 million in 2008 to $300 million and $16 million in 2012.