July 15, 2019
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Proceeds to pay down debt, working capital, other expenses
Shares of Irvine’s Kura Sushi USA (Nasdaq: KRUS) surged during its first day of trading as the operator of 22 U.S. revolving sushi bar restaurants completed Orange County’s first initial public offering this year.
Irvine’s Kura Sushi USA, which operates 22 U.S. revolving sushi bar restaurants, has set the terms for what could be Orange County’s first initial public offering this year.
RESTAURANTS: $57.5M offering, eyes 200+ spots
Kura Sushi USA Inc., an Irvine-based sushi restaurant chain that opened its first location at the city’s Diamond Jamboree shopping center in 2009, has its eyes on being the first Orange County restaurant company to go public in nearly four years.