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Week of Expected Pricing 6/15/2023
Company Name CAVA GROUP INC
Proposed Ticker CAVA
CUSIP 148929102
Business Description The category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. Rooted in our rich Mediterranean heritage, we bring a timeless approach to modern wellness through our authentic cuisine and vibrant brand experience. Guided by our mission, we believe food is a unifier for a more diverse and inclusive world for our guests, Team Members, and our grower and rancher partners, where all are welcome at our table. We believe that consumers should not have to choose between taste and health – our innovative cuisine appeals to a wide variety of preferences, satisfying the modern consumer’s desires for flavorful, craveable, and nutritious food without compromise.
Lead Underwriter Citigroup Global Markets Inc, J.P. Morgan Securities LLC, Jefferies LLC
Co-Managers Blaylock Van, LLC, Capital One Securities, Inc, Drexel Hamilton, LLC, Morgan Stanley & Co. LLC, Piper Sandler & Co, Robert W. Baird & Co. Incorporated, Stifel Nicolaus & Company, Incorporated, William Blair & Company, L.L.C.
Initial Shares 1,44,44,444
Revised Initial Shares N/A
Initial Price $17.00-$19.00
Revised Price $19.00-$20.00
Final Price $22.00
Final Ticker CAVA

 

 

   
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