First Restaurant IPO of 2014: Zoe’s Kitchen Surges 65 Percent

Shares of Zoe’s Kitchen Inc. rose nearly 64.8 percent Friday for the restaurant industry’s first initial public offering of 2014,according to an article by Nation’s Restaurant News.

Zoe’s priced its offering at $15 each for 5.8 million shares and closed at $24.72 at 4 p.m. EDT.

Founded in 1995 by Zoë and Marcus Cassimus in Birmingham, Ala., Zoe’s Kitchen is owned primarily by private-equity firm Brentwood Associates, which acquired the concept in 2007.