CAVA which is preparing to go public revealed Monday that it's valuing itself as high as $2.1 billion. The fast casual will offer 14,444,44 shares at a stock price between $17 and $19. At that range, CAVA would raise between $245.6 million and $274.4 million in its IPO. There are also 111,385,928 outstanding shares, meaning the brand values itself between $1.89 billion and $2.1 billion.
The mediterranean fast-casual restaurant chain plans to offer over 14 million shares for between $17 and $19 per share, which could raise between $245.6 million to $274.4 million dollars. Valuation: $2.1 billion. The chain plans to list on the New York Stock Exchange under the ticker CAVA.
A new pizzeria from Marc Vetri, a Brazilian steakhouse, a beer garden, a cocktail bar, egg rolls to go, and new locations for Cafe Lift, Harvest, and the Borscht Belt and that’s just this week.