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  • Potbelly Corp. (Nasdaq:PBPB) Shares Surged More Than Double After IPO 0 comments
    Oct 5, 2013 12:03 PM | about stocks: PBPB

    By Mike Zaman

    http://static.cdn-seekingalpha.com/uploads/2013/10/5/saupload_mike_zaman_1.jpg Potbelly Corporation (Nasdaq:PBPB)

    PBPB stock price more than doubled in their post-IPO debut Friday on the Nasdaq. The PBPB 7.5 million-share offering was priced at $14 a share on Thursday night, raising $105 million.

    PBPB last trade on Friday's activity was at $30.77, with a volume of 16,996,007 shares.

    IMO, this is one to watch from now on. So far, so good.

    http://static.cdn-seekingalpha.com/uploads/2013/10/5/saupload_mike_zaman_2.jpg

    PBPB is a fast growing neighbourhood sandwich concept offering toasty warm sandwiches, signature salads and other fresh menu items. As of September 23, 2013, PBPB owns and operates 288 shops located in 18 states and the District of Columbia and our franchisees operate seven shops domestically and twelve in the Middle East.

    More about Potbelly Corporation (Nasdaq:PBPB) at www.potbelly.com

    ********

    Full Disclaimer at www.mikezaman.com/disclaimer

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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