Latham & Watkins Advises on First Watch Restaurant Group, Inc.’s IPO

First Watch Restaurant Group, Inc., the Daytime Dining concept serving breakfast, brunch, and lunch, has announced the pricing of its initial public offering of 9,459,000 shares of its common stock at a price to the public of US$18 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,418,850 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the NASDAQ Global Select Market on October 1, 2021, under the ticker symbol FWRG. The initial public offering is expected to close on October 5, 2021, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by New York partners Marc Jaffe, Ian Schuman, and Peter Sluka, with associates John Slater and Giulia Franzoso.