QUICK LINKS: Vending Videos  |  Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:      

Bookmark this site




Issue Date: Vol. 50, No. 10, October 2010, Posted On: 9/25/2012


Dave & Buster's Sets IPO Price At $12-$14 A Share


by Staff Reporter
TAGS: Dave & Buster's Entertainment Inc., amusement business, Dave and Buster's IPO, big box arcade-restaurant

DALLAS -- Dave & Buster's Entertainment Inc. reported that it expects to price its initial public offering at $12 to $14 a share. The Dallas-based operator of big box arcade-restaurant stores will offer 7.7 million shares, not including the 1.15 million additional shares available to underwriters if they want them.

The IPO could raise up to $123.8 million, according to a new filing Monday.

Dave & Busters was founded in 1982 and owns 59 stores in North America and has a franchisee in Canada. The average store open more than a year brought in $9.8 million in fiscal 2011.

Not unlike many amusement businesses, Dave & Buster's has had net losses in each of the past three fiscal years, so it's been developing smaller, less expensive store formats to offset expansion costs.

Dave & Buster's traded publicly between 1997 and 2006, when it was bought by a holding company operated by Wellspring Capital Partners and HBK Main Street Investors for $257 million. In 2010, the business was sold for $570 million to Oak Hill Capital Management, which will own a 68.3% stake in the company once it goes public. At the proposed pricing range, the company could be valued as high as $395 million.

Dave & Buster's will trade on the Nasdaq exchange under the ticker PLAY.


Topic: Music and Games Features

Articles:
  • Coastal Amusements Retains Patrick Mills, Augmenting Sales Team
  • Linda Komorsky Liker Dies At 70; Helped TouchTunes License Music During Its Early Years
  • Victory At Skill Crane Provokes Emotional Response
  • 8-Liners Seized In Brownsville, TX; Property Forfeiture Becomes New Enforcement Tactic
  • Stern Pinball Selected by AMC to Participate in The Walking Dead Sweepstakes

Copyright © 2014 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570