Noodles & Co is widely known as the restaurant chain that serves pastas and soups in 26 states in the US. After the company has priced its initial public offering (IPO), it increased more than double and rose above its price range during its first day of trading in the New York Stock Exchange.

The shares moved forward to US$36.75 as of 4 p.m in New York. This was after Noodles sold 5.36 million shares valued at US$18 per share piece yesterday. The company proposed earlier an offering priced US$13 to US$15 but exceeded and reached the US$15 to US$17 range. This was shown in filings before regulators.

According to the data compiled by Bloomberg, Noodles is the first company to obtain an increase that is more than double in a US IPO. Noodles recovered from a sell off spurred by issues raise in the US economic stimulus measures. It also gained after the S&P's 500 Index this week.