Broomfield-based Noodles & Co. files for proposed IPO
Last Updated: 197 days ago
BROOMFIELD, Colo. - Noodles & Co. has made a regulatory filing for a proposed initial public offering of Class A common stock.
The Broomfield-based fast-casual chain said Thursday that the size and price range of the offering haven't been determined yet. Its stock would trade under the proposed Nasdaq symbol NDLS.
Noodles launched in 1995. It says its revenues have grown from $170 million in 2008 to $300 million in 2012.
As of April 30, Noodles had 339 restaurants, including 51 franchised locations, in 25 states and Washington D.C. It says it could grow to 2,500 restaurants over the next 15 to 20 years if it maintains its current growth rate.
Noodles CEO Kevin Reddy and Chief Operating Officer Keith Kinsey both previously worked at another fast-growing chain, Chipotle Mexican Grill Inc.
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