El Pollo Loco (LOCO) Stock Pops on First Trading Day After IPO

NEW YORK (TheStreet) -- El Pollo Loco  (LOCO) soared Friday, the Mexican fast food chain's first day of trading after its IPO.

The company priced its initial public offering of 7.1 million shares at $15 a share, the high end of the expected range of $13 to $15. El Pollo Loco raised $107.1 million in the offering.

The stock opened at $19 and surged to a high of $19.84 by 10:56 a.m., by which point more than 6.3 million shares had changed hands.

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LOCO Price Chart LOCO Price data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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