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Restaurant & arcade chain Dave & Buster's sets IPO range

Dave & Buster's Restaurant in New York City.
Ben Hider | Getty Images
Dave & Buster's Restaurant in New York City.

Restaurant and arcade chain Dave & Buster's Entertainment on Monday said it will offer 5.88 million shares at $16 to $18 each in its initial public offering.

The shares will trade on the Nasdaq Stock Market under the ticker "PLAY," the company said in a filing with the U.S. Securities and Exchange Commission. The proposed maximum offering price for the IPO is about $121.8 million.

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Jefferies and Piper Jaffray are the lead underwriters of the offering.