GEN (NASDAQ: GENK), owner of GEN Korean BBQ, a fast-growing experiential Asian dining concept, recently announced the closing of its initial public offering of 3,600,000 shares of its Class A common stock at a price of $12.00 per share, as well as the full exercise by the underwriters of their option to purchase an additional 540,000 shares of Class A common stock. The company received approximately $46.2 million in proceeds from the offering, net of the underwriters’ discount. The Class A common stock began trading on the Nasdaq Global Market under the symbol GENK on June 28, 2023. Roth Capital Partners acted as sole book-running manager and representative of the underwriters for the offering. Craig-Hallum Capital Group and The Benchmark Company acted as co-managers for the offering.
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About GEN Restaurant Group Inc.
GEN Korean BBQ is a fast-growing experiential Asian dining concept with over 30 locations in seven states. The company offers guests a unique dining experience where guests serve as their own chefs preparing meals on embedded grills in the center of each table. The extensive menu consists of traditional Korean and Korean-American food, including high-quality meats, poultry, seafood and mixed vegetables. With its unique culinary experience alongside its modern décor and lively atmosphere, GEN Korean BBQ delivers an engaging and interactive dining experience.
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