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IPO Report: Mediterranean fast-casual restaurant chain Cava prices IPO at $22 a share – Vested Daily

IPO Report: Mediterranean fast-casual restaurant chain Cava prices IPO at $22 a share

Mediterranean fast-casual restaurant chain Cava Group on Wednesday priced its initial public offering of 14.4 million shares at $22 a share, up from a prior range, giving the company a valuation of roughly $2.45 billion.

Shares are expected to begin trading Thursday on the New York Stock Exchange with the ticker symbol CAVA.

The rapidly-growing…

This post was originally published on Market Watch

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