They make money. The market's going to respond heavily to this.

This is a large float of 23.5 million shares, and that's a lot to digest. Typically when you have large floats, the returns are muted. We were expecting a return in the range of 50 and 60 percent.

A flight to quality remains the front mission of the Street's investment banking community.

It represents a solid deal in an industry that's rapidly emerging. More importantly, it sets the pace for other good deals that are going to come out.

If you price it that high above range, there is hot demand. That means there was some good institutional backing to buy blocks of that stock.

Restaurant deals always do really well because the come out at different times of the year. There are very few, they are unique. I have high hopes for this one.