Read More Wingstop's IPO priced above expected range at $19/share
The fast-casual restaurant chain specializes in chicken wings and was founded in 1994 in Texas. The Dallas-based company, which was owned by private equity firm Roark Capital Group, sold 2.15 million of the 5.8 million shares in the offering.
The company plans to use the money to pay down debt and for a $3.3 million fee to end its management agreement with Roark Capital Management, affiliated with Roark Capital Partners.
—Reuters contributed to this report.
Correction: This story has been updated to reflect that Wingstop rose nearly 61 percent in its debut.