Cava’s sensible IPO ambitions could spur more companies to go public

Even as the technology industry and investors wait for heavily venture-backed companies like Turo, Reddit and Instacart to go public, Cava is heading out and powering its own debut.
The company set an initial IPO price range this week, indicating what it may be worth once it’s public. This is also a chance for us to check our valuation estimates.
Cava intends to sell 14.4 million shares between $17 and $19 each. The IPO will raise hundreds of millions of dollars. (Note that if Cava’s underwriters exercise their option to purchase more equity at the IPO price, that number could go u

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