Cava confidentially files IPO In U.S.

The total number of shares to be offered and the price range for the proposed offering have not yet been determined, the company said on Monday.

Still, Cava is among a handful of companies testing the U.S. IPO markets at a time few are.

Solar technology firm Nextracker last week said it was aiming to raise up to $534.9 million in its U.S. initial public offering.

Decades-high inflation and the fallout from the Russia-Ukraine conflict roiled financial markets and pushed recently listed companies below their offering prices through most of last year.

Source: https://www.reuters.com/markets/deals/restaurant-chain-cava-confidentially-filed-go-public-us-ipo-2023-02-06/

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