Today's IPO for Yoshiharu Global Co. (Nasdaq: YOSH) opens for trading at $5.20 after pricing at $4 per share.
Yoshiharu is offering 2,940,000 shares of its Class A common stock and has granted the underwriters a 45-day option to purchase up to an additional 441,000 shares of Class A common stock at the initial public offering price less the underwriting discounts and commissions, to cover over-allotments, if any. The shares are expected to begin trading on the Nasdaq Capital Market on September 9, 2022 under the ticker symbol “YOSH” and the offering is expected to close on or about September 13, 2022, subject to satisfaction of customary closing conditions.
EF Hutton, division of Benchmark Investments, LLC, is acting as sole book-running manager for the offering.
Yoshiharu is a fast-growing restaurant operator and was borne out the idea of introducing the modernized Japanese dining experience to customers all over the world. Specializing in Japanese ramen, Yoshiharu gained recognition as a leading ramen restaurant in Southern California within six months of their 2016 debut and has continued to expand their top-notch restaurant service across Southern California, currently owning and operating 8 restaurants with an additional 1 in development.