DC-based restaurant chain Cava sets terms for IPO

Posted on AllSides June 5th, 2023
From The Center

Cava, a Washington, D.C.-based Mediterranean restaurant, is set to pitch to investors for an IPO that could value the restaurant chain at more than $2 billion. According to a Securities and Exchange Commission (SEC) filing, Cava Group. said it will offer 14.44 million shares between $17 and $19 apiece. The company also said in its filing that it plans to list on the New York Stock Exchange under the ticker symbol CAVA. Cava Group. has raised venture capital funding from firms such as Capital International Investors, Capital Research Global Investors,...

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