Navigate this market better. Subscribe for FREE stock alerts and information.

Tuesday, October 28, 2014

Restaurant operator J. Alexander's files for IPO, (NYSE: FNF)

J. Alexander's Holdings Inc, a casual-dining chain operator backed by Fidelity National Financial Inc, filed with U.S. regulators on Tuesday for an initial public offering of its common shares.The company operates the J. Alexander's and Stoney River Steakhouse and Grill chains across 14 states in the United States, offering contemporary American cuisine.The Nashville, Tennessee-based company listed Stephens Inc, KeyBanc Capital Markets Inc and Stifel, Nicolaus & Co among underwriters to the IPO. ( IPO filing, which included a nominal fundraising target of about $75 million, did not reveal how many shares the company planned to sell or their expected price.

Shares of FNF fell by 0.27% or $-0.08/share to $29.36. In the past year, the shares have traded as low as $22.01 and as high as $29.50. On average, 1572940 shares of FNF exchange hands on a given day and today's volume is recorded at 1291498.