BUZZ-Kura Sushi USA falls after launching stock offering

Reuters
2024-11-12

** Shares of Japanese restaurant Kura Sushi USA fall 5.1% to $87.66 in extended trading

** KRUS launches a public offering of Class A shares as co looks to raise equity

** Proceeds will be used for general corporate purposes, including capital expenditures — KRUS

** William Blair, Barclays Capital and TD Securities are the joint book-running managers for the offering

** KRUS has 11.3 mln outstanding shares with a $1.02 bln market capitalization — data compiled by LSEG

** As of last close, KRUS shares up 21.5% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))

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