PE-owned Fogo de Chão sets IPO pricing terms

Brazilian steakhouse chain Fogo de Chão Inc has priced its over 4.41 million shares of its IPO at between $16 and $18 per share. The stock will list on the NASDAQ under the ticker symbol “FOGO.” Jefferies LLC and J.P. Morgan Securities LLC are serving as the lead underwriters. Fogo is owned by Thomas H. Lee Partners.


DALLAS, June 8, 2015 (GLOBE NEWSWIRE) — Fogo de Chão, Inc. (“Fogo” or the “Company”) today announced that it has commenced a proposed initial public offering of 4,411,764 shares of its common stock (the “Offering”) pursuant to a registration statement filed on Form S-1 with the Securities and Exchange Commission. In connection with the Offering, the Company intends to grant the underwriters the option to purchase up to 661,764 additional shares of its common stock. The estimated price range for the initial public offering is $16.00 to $18.00 per share of common stock. Fogo has applied to list its common stock on the NASDAQ Stock Market under the ticker symbol “FOGO.”

Jefferies LLC and J.P. Morgan Securities LLC are acting as joint book-running managers in the proposed offering. Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Piper Jaffray & Co., Wells Fargo Securities, LLC and Macquarie Capital (USA) Inc. are also acting as book-running managers.

The proposed offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus related to the offering may be obtained from: Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by emailing, or by calling (877) 547-6340 or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling toll-free at (866) 803-9204.

A registration statement on Form S-1 relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. Copies of the registration statement can be accessed through the Commission’s website at This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Fogo de Chão
Fogo de Chão (fogo-dee-shoun) 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. Fogo delivers a distinctive and authentic Brazilian dining experience through the combination of high-quality Brazilian cuisine and a differentiated service model known as espeto corrido (Portuguese for “continuous service”) delivered by gaucho chefs. Fogo offers its guests a tasting menu of meats featuring up to 20 cuts, a gourmet Market Table with seasonal salads and fresh vegetables, seafood, desserts, signature cocktails and an award-winning wine list. The first Fogo de Chão opened in Brazil in 1979. The Company currently operates 26 restaurants in the United States, 10 in Brazil and one joint venture restaurant in Mexico.