Bojangles Shares Surge 47% in Public Debut

May 8, 2015 5:24 PM

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Bojangles Shares Surge 47% in Public Debut

Shares of Bojangles Inc rose as much as 47 percent in its debut, valuing the chicken-and-biscuits restaurant chain at nearly $1 billion.

The company's initial public offering raised about $147 million, with a majority of the proceeds going to its controlling shareholder, private equity firm Advent International Corp.

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