Fast-growing technology-enabled Japanese restaurant concept Kura Sushi USA (NASDAQ: KRUS) has closed its initial public offering of 3,335,000 shares of its Class A common stock, including 435,000 additional shares per the full exercise of the over-allotment option granted to the underwriters. According to the update, the offering resulted in gross proceeds of approximately $46.7 million for Kura Sushi USA, Inc., with each of the shares sold at the public offering price of $14.00. The shares began trading on the Nasdaq Global Market under the ticker symbol ‘KRUS’ on August 1, 2019. ROTH Capital Partners acted as a lead manager for the offering.
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About Kura Sushi USA
Kura Sushi USA, Inc. is a technology-enabled Japanese restaurant concept with 22 locations in five states. The Company offers guests a distinctive dining experience built on authentic Japanese cuisine and an engaging revolving sushi service model. Kura Sushi USA, Inc. was established in 2008 as a subsidiary of Kura Sushi, Inc., a Japan based revolving sushi chain with over 400 restaurants and 35 years of brand history. For more information, please visit www.KuraUSA.com.
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