Cava Group’s stock slides 12% on its second day of trading as a public company

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.

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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.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

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.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

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.
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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
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