CAVA Group Open Price Indicating $38-$45/Share; IPO Priced At $22/Share
Portfolio Pulse from Benzinga Newsdesk
CAVA Group's open price is indicating a range of $38-$45 per share, significantly higher than its IPO price of $22 per share.
June 15, 2023 | 3:01 pm
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CAVA Group's stock price is expected to open at $38-$45 per share, a substantial increase from its IPO price of $22 per share.
The open price indication of $38-$45 per share for CAVA Group is significantly higher than its IPO price of $22 per share. This suggests strong demand for the stock and a positive short-term impact on its price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100