The train is leaving, all aboard....
The Habit Restaurants (HABT) IPO will open next week and i'm expecting this stock to be red hot. Habit Restaurants (HABT) operates a fast casual Hamburger chain in 4 states, mainly in California. HABT stock will be hot because they are only releasing 5 million float shares before the lock up expiration in six months. This means low supply/high demand which will create wild price swings, great for trading.
Here are the details of the Habit Restaurants IPO:
Ticker Symbol - HABT
IPO Shares - 5 million
Expected price range - $12-$14
Stock Exchange - NASDAQ
IPO date - November 20th or November 21st
Opening time - between 10:45am - 11:45am EST
Underwriters - Piper Jaffray, Baird, Wells Fargo
How many restaurants - 99
Sales - $84.2 in 2012 to $120.4 in 2013
Float Shares - 5 million
Total Outstanding Shares - 26 million after lock up expiration
Market Data 
Markets 
AI
