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Cava Group CFO is confident restaurant chain will be profitable — but she won't say when

Por: MarketWatch Business June 16, 2023

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The company raised $317 million in its initial public offering, which priced above its proposed range on Wednesday at $22 a share. The company issued 14.4 million shares at a valuation of $2.45 billion. The stock , boosting the valuation to $4.78 billion. That cash infusion will be helpful as Cava has just $23 million in cash and cash equivalents on its balance sheet, according to its IPO filing documents and burned through $120 million of free... + full article



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