Bricktown Restaurant Group Prices IPO at $7.00-$9.00 Per Share (NASDAQ:BEER)

Bricktown Restaurant Group (BEER) expects to raise $15 million in an IPO on Wednesday, May 15th, IPO Scoop reports. The company plans to issue 1,900,000 shares at a price of $7.00-$9.00 per share.

In the last 12 months, Bricktown Restaurant Group generated $28.1 million in revenue and $3.7 million in net income. The company has a market cap of $40 million.

ThinkEquity (a division of Fordham Financial Management) served as the underwriter for the IPO.

Bricktown Restaurant Group provided the following description of their company for its IPO: ”  We are engaged in the business of developing, owning and operating Bricktown Brewery and Bricktown Tap House & Kitchen branded restaurants. Bricktown Brewery and Bricktown Tap House & Kitchen restaurants are multi-tap, casual plus dining restaurants featuring Bricktown brewed beers (which we brew in-house at one of our two brewing facilities) and other local beers along with a broad menu anchored in crafted burgers, artisanal pizza and our take on American comfort foods. Currently, we own or license restaurants in five states: Oklahoma, Texas, Arkansas, Kansas and Missouri. As of the date hereof, there are 14 restaurant units operating under the Bricktown Brewery or Bricktown Tap House & Kitchen brand, each of which is in secondary and tertiary markets (based on population size) in its respective state. “.

Bricktown Restaurant Group was founded in 1992 and has 894 employees. The company is located at 14504 Hertz Quail Springs Parkway, Oklahoma City, OK 73134, US and can be reached via phone at (405) 285-5362 or on the web at http://www.bricktownbrewery.com.

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