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Upscale steakhouse owner Morton's prices 9mm shares above the range

February 8, 2006
MRT

Morton's, an upscale steakhouse chain operating 69 restaurants in the US, Canada, Hong Kong and Singapore, priced its offering of 9 million shares at $17, above its proposed $14-$16 range. The IPO was lead managed by Wachovia, and the stock is expected to commence trading on the NYSE under the ticker symbol "MRT" on Thursday.