Del Frisco's Restaurant (DFRG) IPO Opens Lower

July 27, 2012 10:22 AM EDT
The IPO for Del Frisco's Restaurant Group, Inc. (Nasdaq: DFRG) is open for trading. Shares opened at $12.75 after pricing 5,800,000 shares at $13.

Deutsche Bank Securities, Piper Jaffray & Co. and Wells Fargo Securities are acting as joint book running managers for the offering. Cowen and Company, LLC and Raymond James & Associates, Inc. are acting as co-managers for the offering.

Based in Southlake, TX, Del Frisco's Restaurant Group owns and operates three contemporary, high-end, complementary restaurant concepts: Del Frisco's Double Eagle Steak House, Sullivan's Steakhouse, and Del Frisco's Grille. The Company currently operates 32 restaurants across 18 states.

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