Bagel Shop Prices Low

Einstein Noah Restaurant Group Inc., a Golden, Colo.-based franchisor and operator of Einstein Bros. and Noah's bagel shops, raised around $90 million in its IPO. The company priced five million common at $18 per share ($19-$21 range), and will trade on the Nasdaq under ticker symbol BAGL. Morgan Stanley and Cown & Co. served as co-lead underwriters. Greenlight Capital held a 94.1% pre-IPO position.