STK Parent Brand Goes Public
By Kelly Dobkin
October 17, 2013
The One Group, Inc., which owns swanky shophouse chainlet STK, has officially gone public. In a merger with Committed Capital Acquisition Corp., the company began trading at $5.50 a share today. Jonathan Segal, who opened the first STK outpost in NYC's Meatpacking District almost 10 years ago, owns 30% of the equity from the brand and will also continue to run the company. One Group owns 21 restaurants in the U.S. and London in addition to a hospitality division that owns properties like the Gansevoort Park Avenue. The company projects that it will generate $125 million in revenue this year. [Crain's]
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