Bojangles' wants to offer stock
Posted April 6, 2015
Updated April 7, 2015
Charlotte, N.C. — Bojangles', the iconic North Carolina chicken and biscuits chain, has filed paperwork to take the company public.
The company, based in Charlotte, applied with the Securities and Exchange Commission Monday to trade on the NASDAQ Index under the symbol "BOJA." The company hopes to raise $100 million with its initial stock offering.
If the application is approved, it would offer shares of common stock so that people could buy an ownership stake in the chain, which numbers some 622 restaurants throughout the southeast.
The company has not said when it will go public but plans to be listed on the NASDAQ stock exchange.
Bojangles' opened its first restaurant in Charlotte back in 1977. It now has restaurants in 10 states as well as Washington D.C., and in Honduras.
The company reported revenues of $430 million in fiscal year 2014.