Cava Group Inc.’s stock CAVA slid 12% Friday, paring some of its prior-session gains on its second day of trading as a public company. The stock soared more than 100% on Thursday after the initial public offering priced above range in a bullish sign for the market. The Mediterranean fast-casual restaurant chain raised $317 million in the deal, which will be used to grow its network of 236 restaurants. The company is loss-making although revenue has been growing at a rapid clip.
... Cava Group Inc.’s stock CAVA slid 12% Friday, paring some of its prior-session gains on its second day of trading as a public company. The stock soared more than 100% on Thursday after the initial public offering priced above range in a bullish sign for the market. The Mediterranean fast-casual restaurant chain raised $317 million in the deal, which will be used to grow its network of 236 restaurants. The company is loss-making although revenue has been growing at a rapid clip.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Mediterranean restaurant chain Cava stock soars more than 100% in market debutThe parent company of Mediterranean restaurant chain Cava started trading on the New York Stock Exchange.
और पढो »
Mediterranean restaurant chain Cava stock soars as much as 107% in market debutThe parent company of Mediterranean restaurant chain Cava started trading on the New York Stock Exchange.
और पढो »
Cava restaurant chain soars in stock market debut, hits $4.7B valuationInvestors are warming up to IPOs this year after a volatility-fueled 2022 curbed appetite for new listings and fueled a risk-off sentiment.
और पढो »
Mediterranean restaurant chain Cava's stock soars as much as 117% in market debutMediterranean restaurant chain Cava is thriving in its market debut. Its stock closing price gives it a market value of $4.88 billion and makes it the top-performing IPO this year for companies valued above $500 million. - CNBC
और पढो »