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Lifestyle

AJ Fabino

Cava Group Builds On IPO Set To Be A Monster Performer In 2023

Cava IPO Cava Group the New York Stock Exchange Spencer Platt Environment NYSE United States

A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York City. Mediterranean restaurant chain Cava Group made a striking first public appearance on the New York Stock Exchange on Thursday. (SPENCER PLATT/GETTY IMAGES)

In a year that’s seen a sharp decline in initial public offerings, Washington, D.C.-based Mediterranean restaurant chain Cava Group (NYSE: CAVA) made a striking first public appearance on the New York Stock Exchange on Thursday, with shares opening at $42, almost doubling their IPO price of $22.

A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York City. Mediterranean restaurant chain Cava Group made a striking first public appearance on the New York Stock Exchange on Thursday. SPENCER PLATT/GETTY IMAGES

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