06 June, 2006

USA: Gordon Biersch Brewery increases size of IPO to 4.45 million shares

Gordon Biersch Brewery Restaurant Group Inc. increased June 06 the size of its upcoming initial public offering to 4.45 million shares from 4.17 million shares. The restaurant chain kept the price at US$11-US$13 a share, The MarketWatch announced June 06.

The Chattanooga, Tennessee company will raise US$53.4 million at the midpoint of its estimated price range under the new IPO terms. The chain of 25 restaurants in 13 states is going public with underwriters Thomas Weisel Partners, BB&T Capital Markets and Morgan Keegan & Co. The company plans to trade under the symbol "BIER" on the Nasdaq.

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