NEW YORK (AP) -- Shares of Noodles & Co. are soaring in their first day of trading on the Nasdaq.
The casual restaurant chain raised $96.5 million in its initial public offering of stock. Shares priced at $18 each, above the $15 to $17 it predicted earlier this week.
The company's stock, trading under the ticker "NDLS," has more than doubled in price Friday.
Noodles & Co. was founded in 1995 and serves noodle bowls, salads, soups and sandwiches. The company is based in Broomfield, Colo., and says it has 345 locations in the U.S.
Casual restaurant chains have grown in popularity, led by companies such as Chipotle and Panera. People like them because they feel they're getting better quality food than they'd get at traditional fast-food chains, without having to pay a lot more.
KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.powered by Disqus
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.