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In the IPO, 7.5 million shares priced at $14 each, above the revised projected range of $12 to $13. The company had initially expected shares to price from $9 to $11 each. Most of the stock came from the company. Early investors also sold about 150,000. Potbelly won't receive any money from the selling stockholders. Potbelly plans to use the money from the IPO to pay a previously declared dividend, to pay off debt and for working capital. Its shares now trade under the "PBPB" ticker symbol.
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