Shares of El Pollo Loco Holdings Inc. soared in the first day of trading Friday, climbing to 66 percent by late afternoon. The Costa Mesa, Calif.-based chain’s stock price opened at $19 per share, $4 higher than the $15 initial public offering price set the night before with the goal of raising $107 million to pay off debt. By presstime, the stock price hit a high of $24.98 per share. The stock is trading on the Nasdaq under the ticker symbol “LOCO.” After ringing the ...
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Contact: Desiree Torres Desiree.Torres@penton.com