Travel restaurateur OTG prepares for IPO on NASDAQ exchange

USA. Leading travel restaurateur OTG is planning an Initial Public Offering (IPO) with shares to be offered on the NASDAQ Global Select Market.

The company has filed a registration statement with the US Securities and Exchange Commission relating to the proposed IPO of Class A common stock for OTG EXP, Inc.

OTG EXP, Inc. will become the parent corporation of the company after the offering. The number of shares to be sold and the price range have not yet been determined. OTG EXP, Inc. has applied to list its common stock on the NASDAQ Global Select Market under the ticker symbol “˜OTG.’

Morgan Stanley and Credit Suisse are acting as lead joint book-running managers for the proposed offering. Barclays is also acting as active book-running manager, and BMO Capital Markets and KeyBanc Capital Markets are acting as book-running managers for the proposed offering. Regions Securities LLC, Fifth Third Securities and Maxim Group LLC are acting as co-managers in the proposed offering.

Fast-growing OTG has developed a reputation as a pioneer in the travel dining industry, underpinned by its chef-led concepts and designs and its use of iPad ordering technology. The company is celebrating its 20th anniversary this week in Philadelphia. It manages more than 200 restaurant and retail locations across ten airports in North America.

Among the innovative concepts introduced by OTG recently is Caps Beer Garden (above and below) at Newark Terminal C, one element in OTG’s first ‘Dining Oasis’ at the airport
Since late 2015, United’s MileagePlus members can use their miles for shopping and services through OTG at Newark Terminal C
SURF (above) and Happy Clam (below) are further new concepts
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