CAVA Group Open Price Indicating $42-$44/Share; IPO Priced At $22/Share
Portfolio Pulse from Benzinga Newsdesk
CAVA Group's open price is indicating a range of $42-$44 per share, significantly higher than its IPO price of $22 per share.
June 15, 2023 | 3:04 pm
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CAVA Group's stock price is expected to open at $42-$44 per share, a substantial increase from its IPO price of $22 per share.
The open price indication of $42-$44 per share for CAVA Group is nearly double its IPO price of $22 per share. This significant increase in price suggests a strong demand for the stock, which is likely to result in a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100