Fogo de Chão Priced, Nasdaq: FOGO

Operates 37 Brazilian steakhouses offering high-quality, fire-roasted meats.

Industry: Consumer Discretionary

Latest Trade: $11.30 0.00 (0.0%)

First Day Return: +28.8%

Return from IPO: -43.5%

Industry: Consumer Discretionary

Fogo de Chão is a leading Brazilian steakhouse, or churrascaria, which has specialized for over 35 years in fire-roasting high-quality meats utilizing the centuries-old Southern Brazilian cooking technique of churrasco. We deliver a distinctive and authentic Brazilian dining experience through the combination of our high-quality Brazilian cuisine and our differentiated service model known as espeto corrido (Portuguese for “continuous service”) delivered by our gaucho chefs. We offer our guests a tasting menu of meats featuring up to 20 cuts, simply seasoned and carefully fire-roasted to expose their natural flavors. Each gaucho chef rotates throughout the dining room, and is responsible for a specific cut of meat which they prepare, cook and serve to our guests continuously throughout their meal. Our continuous service model allows customization and consumer engagement since our guests control the variety and quantity of their food and the pace of their dining experience. Through the combination of our authentic Brazilian cuisine, unique service model, prix fixe menu and engaging hospitality in an upscale restaurant atmosphere, we believe our brand delivers a differentiated dining experience relative to other specialty and fine-dining concepts and offers our guests a compelling value proposition.
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IPO News for Fogo de Chão
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IPO Data
IPO File Date 04/20/2015
Offer Price $20.00
Price Range $16.00 - $18.00
Offer Shares (mm) 4.4
Deal Size ($mm) $88
IPO Data
IPO Date 06/18/2015
Offer Price $20.00
Price Range $16.00 - $18.00
Offer Shares (mm) 4.4
Deal Size ($mm) $88
Underwriters
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Company Data
Headquarters Dallas, TX
Founded 1979
Employees 2,515
Website www.fogodechao.com