Reuters: Global Markets: Noodles shines in Nasdaq debut, stock doubles in value

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Noodles shines in Nasdaq debut, stock doubles in value Jun 28th 2013, 15:19 Fri Jun 28, 2013 11:19am EDT (Reuters) - Shares of fast-casual restaurant chain operator Noodles & Co (NDLS.O), known for its Pad Thai and Mac & Cheese, rose 110 percent in their market debut, valuing the company at about $969 million. The company's shares opened at $32 on the Nasdaq. Noodles raised $97.2 million by selling 5.4 million class A shares at $18 per share, above the top end of its raised price range of $15 to $17 per share. The Broomfield, Colorado-based company owns and operates 343 restaurants, of which 52 operate under franchise arrangements, across 26 states and the District of Columbia, according to its latest filing. Noodles shares were up 106 percent at $37.60 in late morning trading.

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