Bojangles raises IPO price to nearly $170M

Bojangles raises IPO price to nearly $170M

Company increases price to $18 to $19 per share

Bojangles Inc. could raise as much as $170 million in its initial public offering, after increasing Wednesday the expected range of its IPO price to $18 to $19 per share.

If Bojangles stock is sold at the peak of that range, the company would raise $147.3 million, or $169.4 million, if underwriters exercise their option to buy additional shares.

The stock had been priced at an expected range of $15 to $17, but expectations can change considerably in the days and weeks

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