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Travel & Leisure

Kura Sushi USA files for IPO on Nasdaq

American subsidiary of Japanese chain plans to operate 290 restaurants

Kura also has 18 sushi restaurants in Taiwan, where it may eventually list on the Taiwan Stock Exchange.

TOKYO -- Japanese sushi restaurant chain Kura announced on Thursday that its American subsidiary, Kura Sushi USA, has applied to the U.S. Securities and Exchange Commission for permission to list shares on the Nasdaq composite.

The request for the initial public offering is part of the subsidiary's plan to increase the number of its conveyor-belt sushi outlets in the U.S. to 290 or more from the current 22.

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