CAVA Group IPO priced at $22.00; trading set for 2023-06-15
On 2023-06-14, CAVA Group set its IPO price at $22.00 per share. The base offering covered 14,444,444 shares and represented gross proceeds of $317,780,000.00 before expenses; trading was scheduled to begin on 2023-06-15.
The pricing announcement
On 2023-06-14, CAVA Group announced a final IPO price of $22.00 per share. The base deal covered 14,444,444 shares and represented gross proceeds of $317,780,000.00 before expenses. The transaction record describes the offering at launch; it does not describe the share price after trading began.
Why the date matters
The announcement moved CAVA Group from the offering process into public-market trading, with the first session scheduled for 2023-06-15. For investors reviewing the event later, the useful distinction is between the fixed offer price, the number of shares sold and the subsequent market price.
CAVA Group operates in Restaurants. Its public-market story depends on whether the company can turn that operating position into durable revenue, cash generation and disciplined execution after listing.