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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/06\/07\/cava-ipo-pricing-analysis\/<\/a><\/br> Even as the<\/span> technology industry and investors wait for heavily venture-backed companies like Turo<\/a>, Reddit<\/a> and Instacart<\/a> to go public, Cava is heading out and powering its own debut.<\/p>\n The company set an initial IPO price range<\/a> this week, indicating what it may be worth once it\u2019s public. This is also a chance for us to check our valuation estimates<\/a>.<\/p>\n Cava intends to sell 14.4 million shares between $17 and $19 each. The IPO will raise hundreds of millions of dollars. (Note that if Cava\u2019s underwriters exercise their option to purchase more equity at the IPO price, that number could go up to 16.6 million shares.)<\/p>\n The Exchange explores startups, markets and money. <\/em><\/strong><\/p>\n Read it every morning on TechCrunch+<\/a> or get The Exchange newsletter<\/a> every Saturday.<\/em><\/strong><\/p>\n <\/a>Cava, a fast-casual chain that serves Mediterranean food, may seem like an odd choice for TechCrunch to cover. However, the company has raised extensive private capital, including venture funds<\/a>, and is worth more than $1 billion. This IPO will recycle funds currently locked up in its illiquid shares back to investors, and that matters for the companies that do come under the ambit of our usual coverage.<\/p>\n That said, Cava sits neatly next to other tech-enabled businesses that have gone public in recent years. I\u2019m thinking about names like Sweetgreen<\/a>, and Rent The Runway<\/a>, even if the latter has a very different business model.<\/p>\n If you want to learn how Cava has grown and operates its business, head here<\/a>. This morning, we\u2019re digging into the company\u2019s valuation.<\/p>\n I was chatting recently with the CEO of a multibillion-dollar startup about what went wrong during the 2020-2021 venture capital bubble. In their view, one of the core issues was the homogenization of revenue and how it was valued.<\/p>\n<\/p><\/div>\n <\/br><\/br><\/br><\/p>\n
\nCava\u2019s sensible IPO ambitions could spur more companies to go public<\/br>
\n2023-06-07 21:58:48<\/br><\/p>\n
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\nIs it better to have \u201ctech-enabled\u201d in your description?<\/h2>\n