US-based dining and amusement location operator Dave and Buster’s has announced a proposed secondary public offering of shares.
The company, which currently operates 77 venues in North America, is proposing an offering of six million shares of common stock by certain stockholders.
Additionally, these stockholders intend to grant the underwriters the option to purchase up to a further 900,000 shares of common stock.
Earlier this month, Dave and Buster’s CEO Steve King revealed that the company was “extremely close” to agreeing a deal to bring the brand to the international marketplace through a “multi-store agreement for licensed development.”
In North America, meanwhile, it has set a target of developing as many as 200 stores.
