, up from the already-increased range of $19 to $20 that Cava projected Monday. The pricing values Cava at about $2.45 billion. The stock will trade under the symbol CAVA. A successful debut for Cava could be a good sign for a moribund market for initial public offerings that has taken a hit over the past year-plus amid higher inflation and rate hikes.Employees work on the assembly line of the J7 truck at a factory under FAW Group on June 14, 2023, in Changchun, Jilin province.
8% in May. Retail sales, industrial production and fixed asset investment all grew at slower rates than expected. While China's statistics bureau said the data represented continued momentum for the recovery, it also acknowledged that certain international challenges could pressure the economy, but didn't elaborate beyond that.