CAVA Group (CAVA) opened at $42.00 in its NYSE debut today – up 90.9 percent from its $22.00 IPO price. The Mediterranean fast-casual restaurant chain’s stock rushed onward to score a moonshot. CAVA touched a session high of $46.75 to more than double its IPO price with a gain of 112.5 percent before noon EDT. […]
June 15, 2023 Read MoreOPA! CAVA Group (CAVA) priced its IPO at $22.00 – $2.00 above the top of its recently raised price range of $19.00 to $20.00. The Mediterranean fast-casual restaurant chain raised $317.78 million by pricing 14.44 million shares, the same number of shares in the prospectus, at $22.00 on Wednesday night (June 14, 2023). In CAVA’s […]
June 14, 2023 Read MoreMagic Johnson’s SPAC – ESH Acquisition Corp. (ESHAU) – raised $100 million in its IPO priced on Tuesday night, June 13, 2023 – becoming the first deal priced this month. The entertainment and sports-focused SPAC priced its IPO in sync with the terms in its prospectus: 10 million units at $10.00 each. Each unit […]
Read MoreMediterranean fare leads the IPO menu this week. CAVA Group (CAVA proposed), the Mediterranean fast-casual restaurant chain, increased its IPO price range to $19.00 to $20.00 – up from $17.00 to $19.00 initially – early today (Monday, June 12, 2023). The Washington, D.C.-based restaurant company kept the number of shares at 14.44 million. CAVA Group […]
June 12, 2023 Read MoreJust like that: Cava Group (CAVA proposed) filed terms early Monday afternoon for its IPO – 14.44 million shares at $17 to $19 – to raise $260 million, according to an S-1/A filing dated June 5, 2023. The Mediterranean restaurant chain’s IPO filing followed an unofficial CAVA Watch party kicked off on Sunday afternoon by […]
June 5, 2023 Read MoreCava Group Inc. (CAVA proposed) is giving IPO investors something to talk about on the first Monday in June. The Wall Street Journal reports that the Mediterranean restaurant chain is likely to start its IPO roadshow as soon as Tuesday (June 6, 2023) “in a key test of investor appetite for fast-growing companies that are still unprofitable.” […]
Read MoreMemorial Day is traditionally linked to a slight pause in IPO traffic. Just three micro-cap IPOs are on the IPO Calendar for the week of May 29, 2023. The U.S. stock market will be closed Monday, May 29, for Memorial Day, the federal holiday honoring the men and women in the U.S. military who have […]
May 28, 2023 Read MoreM is for mid-point. Atmus Filtration Technologies, Inc. (ATMU) priced its IPO at $19.50 – the mid-point of its $18.00-to-$21.00 range – on 14.12 million shares – to raise $275.43 million on Thursday night (May 25, 2023). Atmus Filtration’s stock opened at $21.67 – up $2.17 or up about 11.1 percent from the IPO price – […]
May 26, 2023 Read MoreJust before the Memorial Day weekend begins, the IPO marquee features one big traditional deal – Atmus Filtration Technologies, Inc. (ATMU proposed). The Nashville-based company, which makes filters and accessories for commercial trucks and off-highway vehicles and heavy equipment, is being spun off by diesel engine maker Cummins (CMI). The IPO is set for pricing […]
May 23, 2023 Read MoreOn the road again: Atmus Filtration Technologies Inc. (ATMU proposed), a spinoff from diesel engine manufacturer Cummins, jump-started the IPO market early today (Tuesday, May 16, 2023) by disclosing its IPO terms: 14.12 million shares at $18.00 to $21.00 to raise $275.43 million. The profitable company, whose products include fuel filters, lube filters, coolants and […]
May 16, 2023 Read More