Aug. 15, 2017 – iPic Entertainment Inc. (“iPic” or the “Company”), today announced the intention to file a Regulation A+ initial public offering that allows all the loyal fans and theater goers along with everyone the opportunity to invest in its luxury restaurant-and-theater concept. For details, visit https://www.ipictheaters.com/#/invest/
iPic Entertainment (iPic) strives to be a guest’s favorite local destination for a night out on the town. Newest facilities blend three distinct areas – a polished-casual restaurant, a farm-to-glass full-service bar, and world-class luxury theater auditoriums – for a one-of-a-kind experience. iPic believes their multi-faceted guest experience of dining, drinking and watching a movie in a luxurious setting, supported by ever changing Hollywood movies and other non-traditional content (such as concerts and eGaming) has helped to create a differentiated brand that is widely recognized and has no national direct competitor on the premium end of the market. The Company believes their concept is well-positioned within today’s ever-increasing experiential economy. iPic currently operates 121 screens at 16 locations in 10 states with additional 5 locations under construction and a pipeline of additional sites in various stages of development.
TriPoint Global Equities, LLC, working with its online division BANQ (www.banq.co ), will act as the lead managing selling agent and bookrunner for the offering. The Company seeks to raise up to $30 million in its IPO under Regulation A+ in late fall 2017. In succession, and subject to New York Stock Exchange (NYSE) or NASDAQ requirements, the Company plans to list on a National Securities Exchange. iPic intends to use the proceeds from the offering for key corporate purposes including working capital, general corporate purposes, including opening new iPics and renovating existing iPics. Individuals interested in learning more about the iPic Entertainment Regulation A+ investment opportunity can register an indication of interest by visiting www.banq.co/listings/ipic.
“Since our inception in 2006, iPic Entertainment has prided itself on building architecturally unique dining and entertainment destinations designed for sharing with a strong emphasis on genuine hospitality and world-class customer service. Today, as we announce our decision to transition from a private company to a public one, we are excited to empower our supporters and 1.7 million members to become part owners of the iPic Entertainment brand experience and company,” says Hamid Hashemi CEO and Founder.