Mediterranean fast-casual restaurant chain Cava prices IPO at $22 a share

Mediterranean fast-casual restaurant chain Cava Group on Wednesday priced its initial public offering of 14.4 million shares at $22 a share.

Mediterranean fast-casual restaurant chain Cava Group on Wednesday priced its initial public offering of 14.4 million shares at $22 a share, up from a prior range, giving it a valuation of roughly $2.45 billion.

The company also granted... Mediterranean fast-casual restaurant chain Cava Group on Wednesday priced its initial public offering of 14.4 million shares at $22 a share, up from a prior range, giving it a valuation of roughly $2.45 billion. The company also granted the offering’s underwriters a 30-day option to purchase up to an additional 2.2 million shares at the offering price. The offering is expected to close on June 20.

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