Del Taco Restaurants (TACO) Stock Popping on Secondary Offering - mexican dishes in restaurants

NEW YORK (TheStreet)--
Stocks in Del Taco restaurant (TACO -Get Report)
Jump before 506% to $12. 88 in mid-
On Tuesday morning, after the food service company announced its pricing for its second public offering of common stock.
Lake Forest in California
US-based companies are issuing more than 3 million ordinary shares at $12 a share.
The stock is held by an affiliate of Goldman Sachs mezzanine partner, Leonard Green Partner and Charles bank capital partner.
Del Taco does not sell any shares and will not receive any proceeds from the offering, which is expected to end on October 30.
Underwriters will receive 30-
Daily Options for purchase of up to 505,802 ordinary shares.
Del Taco is a chain restaurant serving Mexican and American classic dishes.
The company's menu includes tortillas, burritos, tortillas and tacos, as well as American cuisine such as burgers and burritos.
Cut fries and shake.