Chicken wing chain Wingstop gains 60% in its stock market debut
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Wingstop is up more than 60% in its public market debut.
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The chicken wings chain priced had priced its shares at $19, more than the previously indicated range of between $16 and $18 a share.
The stock rose as high as $31 per share early Friday. At this price, the company is valued at around $880 million.
It is trading on the Nasdaq under the ticker symbol "WING."
According to its IPO filing with the SEC, Wingstop had $8.9 million in profits last year, and his seen growth in net income annually over the last three years.
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