Habit Burger raises $90M in public debut

Habit Burger raises $90M in public debut

Share price more than doubles in opening day pop

Habit Restaurants Inc. raised $90 million in its debut on the public market Thursday, with an opening day pop that more than doubled its share price.

After pricing its initial public offering of 5 million shares at $18 per share — well above the earlier projected range of $14 to $16 per share — the Irvine, Calif.-based parent to the Habit Burger Grill chain saw its share price open at $30, reach a high of $40.20 and close at $39.54.

That puts Habit in the elite company

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