Following in the footsteps of chicken and biscuits chain Bojangles Inc (BOJA - Snapshot Report) and popular fast-casual burger joint Shake Shack Inc (SHAK - Snapshot Report), Brazilian steakhouse Fogo de Chão—the name means “fire pit” in Portuguese—is set to go public. In a report by the Wall Street Journal, the company expects to offer 4.4 million shares priced between $16-$18 each. Fogo de Chão will be listed on Nasdaq under the stock symbol “FOGO.” The lead underwriters for the IPO are JPMorgan Chase of JPMorgan and Jeffries of Leucadia National.

Founded in Porto Alegre, Brazil in 1979 by chef brothers Jair and Arri Coser, Fogo de Chão serves a Brazilian-style barbeque, called “churrasco,” in an all-you-can-eat environment. Servers walk around with several varieties of meat—beef, lamb, chicken, pork, and seafood—and diners can choose from whichever offering they prefer; the meat is cooked on skewers and then sliced at the table. The menu also includes a market table with salad and vegetable options, small side dishes paired for sharing, and dessert choices that vary by location. Diners pay $59.50 for unlimited food.

Fogo de Chão first entered the United States in 1997 with a location in Dallas, Texas. Since then, the restaurant chain has expanded all over the U.S., finding homes in major cities like Los Angeles, Chicago, New York City, Boston, Atlanta, and Las Vegas, as well as 19 other locations. There are also nine Brazil locations and one in San Juan, Puerto Rico. The company’s flagship restaurant, which is located in Midtown Manhattan in New York City, is a three-story building that has helped Fogo de Chão garner high praise and popularity.

The “gaucho-style” restaurant chain was bought from its founders in 2012 by Thomas H. Lee, a private-equity firm, in deal worth $426 million. Currently, the firm owns a 96% stake in Fogo de Chão.

Here’s a look at some numbers worth noting:

• In 2014, Fogo de Chão reported $262 million in revenue from only 35 locations in the US and Brazil, up 20% from the previous year.
• In 2014, net income was more than $17.6 million, following a loss of nearly $1 million in 2013.
• For the fiscal year that ended Dec. 28, restaurant sales grew 2.9% in the U.S. and 11.4% in Brazil.
• The company has long-term debt of about $243 million, and around $19 million in cash and cash equivalents.

According to its SEC filing, Fogo de Chão has plans to use the IPO profits to reduce its debt, and increase its restaurant count by at least 10% annually, with a concentrated focus on the North American market. The company also has plans to expand internationally, increasing their presence in Brazil as well as selectively opening new restaurants in Asia, Australia, Canada, Europe, the Middle East, and South America. A new location in Mexico City is set to open later this year.