Restaurant company Dave & Buster's sets terms for $100 million US IPO

Dave & Buster's Entertainment, which operates 59 casual dining restaurants with large arcade areas, announced terms for its IPO on Monday. The Dallas, TX-based company plans to raise $100 million by offering 7.7 million shares at a price range of $12 to $14. At the midpoint of the proposed range, Dave & Buster's would command a fully diluted market value of $364 million.

Dave & Buster's Entertainment, which was founded in 1982 and booked $576 million in sales for the 12 months ended 7/29/2012, plans to list on the NASDAQ under the symbol PLAY. Goldman Sachs, Jefferies and Piper Jaffray are the joint bookrunners on the deal.