The chicken-wing chain has 745 locations worldwide, and expects to open an additional 2,500 in the U.S. over an unspecified, long-term time frame, Morrison said.
"We're targeting long-term growth rates of 10%-plus annually over the long term, and over time, we'll continue to invest in new restaurants and bring new franchisees on-board. We have Wingstops in six countries across the world and have plans to expand overseas," he said.
"Wingstop is the largest, national fast-casual chicken wing player in the country," Morrison said. "Ninety-seven percent of our locations are franchised."
Friday's IPO was priced at $19 per share, up from previous ranges of $12-$14 and $16-$18. The Dallas-based company issued 5.8 million shares. At $19, that nets the restaurant chain $110.2 million.
"We're are going to use these proceeds in the near term for an opportunity to deleverage the company, pay down some debt and for other corporate purposes," Morrison told TheStreet TV.
He said some of the money will also be returned to private-equity firm Roark Capital Group, which sold 2.15 million shares, according to a Reuters report.
The stock closed Friday at $30.52, up $11.52, or 60.6%.