iPic Entertainment’s Initial Public Offering is Now Qualified | Food Newsfeed
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iPic Entertainment’s Initial Public Offering is Now Qualified

January 17, 2018 Industry News
Industry News

iPic Entertainment Inc. announced that the Offering Statement on Form 1-A relating to its $40 million Initial Public Offering has been qualified and investors may now submit firm indications of interest at ipic.com/invest. The company is offering 2,165,000 shares at $18.50 per share. iPic has applied to list its common stock on Nasdaq under the ticker symbol “IPIC.” All orders must be placed with funds cleared by Monday, January 29.

TriPoint Global Equities, LLC, working with its online division BANQ, will act as the Lead Managing Selling Agent; Roth Capital Partners, LLC will act as the Institutional Placement Book-Running Agent; and Telsey Advisory Group LLC (“TAG”) will act as Co-Manager for the offering.

The company seeks to raise $40 million in its IPO under Regulation A+, and intends to use the proceeds from the offering for general corporate purposes, including opening new iPic locations and renovating existing iPics.

Individuals interested in investing and learning more about the iPic Entertainment investment opportunity can place a firm indication of interest by visiting ipic.com/invest. For additional information on iPic Entertainment Inc., the offering and any other related topics, please review the Form 1-A offering circular that can be found at the following location.

“We are excited to officially begin offering shares of iPic to prospective investors,” says Hamid Hashemi, founder and CEO. “This offering will help the company execute on the significant growth opportunities ahead to open new iPic locations and deliver its world-class hospitality experience to more of its fans around the country.”

News and information presented in this release has not been corroborated by FSR, Food News Media, or Journalistic, Inc.