Bojangles is the latest restaurant to come public, and it did not play a game of chicken when it came to its first day of trading on the Nasdaq. Founded in 1977, Bojangles’ has over 600 restaurants in 10 states. CEO Clifton Rutledge tells TheStreet’s Jill Malandrino the company is on track to grow as it has been over the past four or five years, with a focus in its core markets around the adjacent states, North and South Carolina, until they become core markets. Rutledge says this is an opportune time to access the capital markets and the road show generated a lot of interest int the brand in states Bojangles’ has yet to open a store.
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