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Friday, Apr 12, 2024
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Habit Goes Public

Irvine-based Habit Restaurants Inc. went public on Nasdaq this morning priced at $18 a share and has doubled in price to about $36.

At that price its market cap is about $900 million.

The first trade this morning was at $30.

Habit operates 100 restaurants in 4 states and is expected to raise about $78 million after costs, on an offering of 5 million shares.

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