Mediterranean Restaurant Chain Cava Stock Soars as much as 117% in market debut

Cava Group made its public market debut on the New York Stock Exchange under the ticker “CAVA.”
The company sold 14.4 million shares, raising nearly $318 million and valuing the restaurant chain at roughly $2.45 billion.
Cava’s debut could inspire other restaurant chains to follow its lead, helping to snap the IPO market’s drought. READ MORE