Fogo de Chao raises $88M in public debut

Fogo de Chao raises $88M in public debut

Brazilian steakhouse operator to pay down debt, fund growth

Fogo de Chao Inc. made its public debut Friday on the Nasdaq market, pricing its shares at $20 and raising about $88 million.

The Dallas-based Brazilian-style steakhouse operator, which has 37 casual-dining restaurants in three countries, said the company will use proceeds from the IPO to pay down debt and fund growth.

The $20 opening share price was higher than the $16-$18 per share range the company had filed for earlier. As of market close Friday, the 4.4 milli

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