CAVA Group IPO
Tradingprice, listing and company profile
IPO price$22.00Price range: $17.00 – $20.00
Deal size$317.8M14,444,444 shares
Valuation$2.5BIPO valuation
- IPO filing
- Roadshow
- Pricing
- First trade
- Quiet period
- Lockup
Performance since IPO
Confirmed share price history
No published trading history yet
IPO recap
Confirmed offering terms
CAVA Group filed IPO documents on Jun 5, 2023. Confirmed offering terms are shown below.
FiledJun 5
PricingJun 14
First tradeJun 15
Lockup ends—
The short version
CAVA Group has traded publicly since 2023-06-15. This profile covers the final price, share count, proceeds, business model, operating context and key risks.
Key takeaway 1
CAVA priced at $22, above its marketed range, and began trading on the NYSE on 15 June 2023.
Key takeaway 2
The deal included a 30-day over-allotment option and was designed to fund restaurant expansion.
Key takeaway 3
The key operating questions are new-unit productivity, comparable sales and restaurant-level margins.
Company in detail
What happened at the IPO
CAVA Group priced its initial public offering at $22.00 per share and began trading on 2023-06-15 on the NYSE under CAVA. The final price, base share count and gross size are the confirmed transaction terms; they are separate from later market performance.
The deal included 14,444,444 base shares and an over-allotment option for 2,166,666 additional shares. The IPO was primarily a primary issuance; the company said proceeds would support new restaurant openings.
Company and products
CAVA Group is Mediterranean fast-casual restaurants and a digital food platform. Its core offering includes CAVA restaurants, dips, spreads, packaged products and digital ordering.
The growth case depends on opening restaurants, comparable sales, throughput and disciplined unit economics. The company’s route to scale therefore depends on both product demand and the operating discipline needed to serve that demand.
Capital, ownership and use of proceeds
The registration materials described the capital structure and the distinction between new shares and shares sold by existing holders. Future restaurant openings and general corporate purposes, including potential facility or debt spending.
The headline gross offering value is not the same as cash retained by the issuer. Underwriting discounts, offering expenses, selling-stockholder proceeds and any concurrent securities must be read separately in the final prospectus.
Financial and operating lens
Restaurant footprint: More than 260 restaurants at the IPO period. Company profile and prospectus description; footprint is a dated operating snapshot, not a current store count.
The public-market analysis should connect this operating measure to revenue quality, cash conversion, customer or user retention and the cost of expanding the platform. IPO proceeds can extend the runway, but they do not remove execution risk.
Why this IPO matters
CAVA was an early test of whether a scaled restaurant concept could reopen the IPO window after a quiet 2022–2023 period.
The main questions after the first trade are whether the company can deliver on its stated growth plan, preserve service quality and turn the IPO story into durable public-company results.
- The offering is a useful benchmark for consumer IPO demand, but not a guarantee for later issuers.
Operating metrics
Restaurant footprint
More than 260 restaurants at the IPO periodCompany profile and prospectus description; footprint is a dated operating snapshot, not a current store count.
Jun 5, 2023Company profile
- Founded
- 2010
- Legal name
- CAVA Group, Inc.
- Listing
- NYSE · CAVA
- Headquarters
- Washington, D.C., United States
- Business
- Mediterranean fast-casual restaurants and a digital food platform.
- Products
- CAVA restaurants, dips, spreads, packaged products and digital ordering.
- IPO structure
- The IPO was primarily a primary issuance; the company said proceeds would support new restaurant openings.
- Use of proceeds
- Future restaurant openings and general corporate purposes, including potential facility or debt spending.
- First trade
- 2023-06-15
- Employees
- No published figure
Timeline
- Public registration filed
CAVA Group moved from private preparation into a public registration process. Filing terms were preliminary and subject to later pricing.
- IPO priced
CAVA Group announced a final price of $22.00 per share for the base offering.
- First trading day
The shares began trading on NYSE under CAVA.
- Closing confirmed
The issuer confirmed completion of the offering and the final capital-market structure.
Restaurant footprint
More than 260 restaurants at the IPO periodCompany profile and prospectus description; footprint is a dated operating snapshot, not a current store count.
Base shares offered
14,444,444Base deal size at the final price; the over-allotment option is shown separately.
Final IPO price
$22.00per shareFinal public offering price announced on 2023-06-14; this is the offer price, not a current market quote.
Employees
—No published figure
Net income
—No published figure
Operating cash flow
—No published figure
Revenue
Reported financial periods · USD
$564.1MFY2022
FY2022
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Financial figures by period
| Period | Revenue | As of |
|---|---|---|
| FY2022 | $564,100,000.00 | Jun 5, 2023 |
Valuation & peers
Price-to-sales, revenue growth and gross margin
Comparable metrics unavailableComparable company figures for the same date are not available.
Revenue growth (%)
| Company | P/S | Growth | GM |
|---|---|---|---|
| CAVA Group | — | — | — |
| No published peer comparison | |||
Context: Private financing valuations and modeled market values do not establish an IPO valuation. Revenue run-rate is not used here to calculate a price-to-sales ratio.
Private valuation and funding details
Final IPO price
$22.00 per shareFinal public offering price announced on 2023-06-14; this is the offer price, not a current market quote.
Base shares offered
14,444,444Base deal size at the final price; the over-allotment option is shown separately.
Gross base offering
$317.8MGross base offering value calculated from the disclosed base share count and IPO price; it is not net proceeds.
IpoHub score
How we score—Not rated
Balance sheet—
Growth—
Community—
Profitability—
Valuation—
Individual category scores are not available.
Where the money goes
$317.8MIPO raise
Use of proceeds—
Allocation percentages—
Net proceeds—
See the reported use of IPO proceeds below.
Reported use of proceeds
- use
- Future restaurant openings and general corporate purposes, including potential facility or debt spending.
- structure
- The IPO was primarily a primary issuance; the company said proceeds would support new restaurant openings.
Key risks
Editorial analysisRestaurant execution
New units require site selection, labor availability and consistent food quality.
Consumer sensitivity
Traffic and average ticket can weaken when household budgets tighten.
Food and labor costs
Margins depend on pricing, supply costs and store-level productivity.
Growth valuation
The IPO price reflected an ambitious store-growth outlook.
Final deal terms
- Ticker
- CAVA
- Exchange
- NYSE
- IPO valuation
- $2.5B
- IPO price
- $22.00
- Price range
- $17.00 – $20.00
- Pricing date
- Jun 14, 2023
- First trading day
- Jun 15, 2023
- Shares offered
- 14,444,444
- Deal size
- $317.8M
- Underwriters
- Not confirmed
- Greenshoe shares
- 2,166,666
- Lockup
- Not confirmed
- Quiet period expirations
- Not confirmed
CAVA Group IPO: where and how to invest
Where can I invest in the CAVA Group IPO?
CAVA Group shares have a confirmed trading start on NYSE under the ticker CAVA. You can buy through a broker that supports that market and makes the shares available to your account. Check the venue, fees and current quote; the market price can differ from the original IPO offer price.
Can I buy CAVA Group shares now?
CAVA Group's public trading start is confirmed. Whether you can buy the stock in your account depends on your broker's market access and account rules. A stock-market order buys at available market prices; it is not an IPO allocation at the original offering price.
When is the CAVA Group IPO?
CAVA Group's confirmed first trading day was Jun 15, 2023. The offering was priced on Jun 14, 2023.
What is the CAVA Group IPO share price?
CAVA Group's confirmed IPO offer price is $22.00 per share. This is the offering price, not a live stock-market quote.
What is CAVA Group's stock ticker and exchange?
The ticker recorded in this profile is CAVA. The exchange recorded here is NYSE.
Can I buy CAVA Group shares before the IPO?
The CAVA Group offering tracked here already has a confirmed trading start. Buying on the stock market now is therefore not a pre-IPO investment. Check the current quote and available share class with your broker.
Where can I find the CAVA Group IPO prospectus?
Check CAVA Group's official investor-relations announcements and publications from the relevant regulator and exchange. A confidential submission or an announcement about it is not a publicly available prospectus. Before subscribing, read the final prospectus for the risks, price, share class and offering terms.
More questions about the CAVA Group IPO
When did CAVA go public?
CAVA began trading on the New York Stock Exchange on 15 June 2023 under CAVA.
What was the IPO price?
The final IPO price was $22 per share.
What were the proceeds for?
CAVA said net proceeds would fund future restaurant openings and general corporate purposes.
What should investors monitor?
Unit growth, comparable sales, restaurant-level margins, labor costs and cash generation.
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