Assertion Partly supported AI assessment confidence: 90% certainty 4/5 debate potential 1/5

Famous Dave's 1996 IPO Was Priced at $6 but Opened at $11

Dave Anderson · Famous Dave's: Dave Anderson · Nov 2, 2020 · at 49:27

Dave Anderson, founder of Famous Dave's, discusses the 1996 initial public offering of the restaurant chain.

0:00 / 0:04exact quote · 4.6s

720p mp4 · rendered on demand · StarZero watermark

“We were supposed to open up at six dollars. We ended up opening at 11.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Famous Dave's was scheduled to price its 1996 IPO at $6 per share but opened at $11 per share.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

In a 2020-11-02 podcast appearance, Dave Anderson recalled that Famous Dave's 1996 IPO was expected to price/open at $6.00 per share and opened at $11.00 per share. Contemporary financial records and company histories show that the IPO was priced at $6.25 per share and reached/closed at $11.25 per share on its first day of trading. Because the quoted figures ($6 and $11) were offhand conversational recollections that closely approximate the actual figures ($6.25 and $11.25, well within standard approximation thresholds), the claim is rated partially true.

Nation's Restaurant News (December 2, 1996) and historical archives record the Famous Dave's of America, Inc. late 1996 IPO offering price as $6.25 per share.
First-day trading records and biographical histories document that the stock surged from its $6.25 offering price to $11.25 per share on day one, differing by $0.25 from Anderson's rounded recollection of $6 to $11.

Checked against

[1] encyclopedia.com [2] encyclopedia.com [3] fundinguniverse.com [4] fundinguniverse.com [5] vdoc.pub [6] tracxn.com [7] wikipedia.org [8] wikipedia.org

"Famous Dave's of America" "IPO" "$6.25" Famous Dave's initial public offering 1996 6.00 11.00 "Famous Dave's" IPO 1996 price per share "Famous Dave's" "6.25" "11.25" OR "11.00" IPO 1996

assessed as of 2026-09-03

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Mentioned

Famous Dave's

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