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iPic Entertainment has filed an 1-A form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). The company will price its 2.165 million shares at $18.50 per share. At this price, the offering is valued up to $40 million. The company intends to list its shares on the Nasdaq under the symbol IPIC.

The underwriters for the offering are Tripoint Global Equities, Roth Capital Partners and Telsey Advisory Group.

This company was established in 2006 and headquartered in Boca Raton, Florida. iPic Entertainment represents America’s premier luxury restaurant-and-theater brand. A pioneer of the dine-in theater concept, the company’s mission is to provide visionary entertainment escapes, presenting high-quality, chef-driven culinary and mixology in architecturally unique destinations that include premium movie theaters and bar/restaurants.

iPic Theaters currently operates 16 locations with 121 screens in Arizona, California, Florida, Illinois, New Jersey, New York, Texas, Washington and Wisconsin.

Hamid Hashemi, CEO and founder, commented:

This is an exciting milestone for iPic and we are honored to have applied to list on the Nasdaq Stock Market, as we take the next step in becoming a publicly-traded company. iPic delivers a world-class hospitality experience, and this listing will provide great visibility for the Company amongst potential stockholders and will allow our 1.8 million members, loyal guests, as well as the general public, to be able to play a direct role in our continued growth.

The company intends to use the net proceeds from this offering for general corporate purposes, including opening new iPic locations and renovating existing ones.