Cava Group the Mediterranean-focused fast-casual restaurant chain, revised the terms of its initial public offering on Monday, raising its proposed price...
Cava Group CAVA, the Mediterranean-focused fast-casual restaurant chain, revised the terms of its initial public offering on Monday, raising its proposed price range to $19 to $20 a share from $17 to $19. The company is planning to list on the New York Stock Exchange under the ticker CAVA. JPMorgan, Jefferies and Citigroup are lead underwriters in a team of eight banks working on the deal. Its IPO filing documents show strong top-line growth, with a 56.
The company is planning to list on the New York Stock Exchange under the ticker CAVA. JPMorgan, Jefferies and Citigroup are lead underwriters in a team of eight banks working on the deal. Its IPO filing documents show strong top-line growth, with a 56.2% compound annual growth rate from fiscal 2016 to fiscal 2022. However, net losses widened to $59 million in fiscal 2022 from $37.4 million in fiscal 2021.
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