Muscle Maker (GRIL) IPO Opens Modestly Lower

Today's IPO for Muscle Maker, Inc. (NASDAQ: GRIL) opened for trading at $4.70 after pricing 1,540,000 shares of common stock at a price to the public of $5.00 per share.

In addition, the Company has granted the underwriter a 45-day option to purchase up to an additional 231,000 shares of common stock at the initial public offering price.

Alexander Capital, L.P. served as underwriter for the offering.

Founded in 1995 in Colonia, New Jersey, Muscle Maker Grill features high quality, great tasting food, freshly prepared with proprietary recipes. The menu, created with the guest’s health in mind, is lean and protein based. It features all-natural chicken, grass fed steak, lean turkey, whole wheat pasta, wraps, bowls and more. It also offers a wide selection of fruit smoothies in a variety of assorted flavors, protein shakes and supplements.

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