Cava prices IPO at $22 per share, above stated range

(CNBC) Mediterranean fast-casual restaurant chain Cava priced its initial public offering at $22 per share, above a previously stated range, the company said Wednesday. Cava said it sold 14.4 million shares, which at a price of $22 per share, raises nearly $318 million. The company on Monday raised its pricing expectations to a range of $19 to $20 per share.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Comments are closed.