Cava Listing Heralds Potential IPO Market Rebound

Following a listing by restaurant group Cava, the American market is hungry for IPOs.

The fast casual restaurant chain went public via an initial public offering (IPO) last week, with its shares nearly doubling in its debut.

And as Bloomberg News reported Monday (June 26), three other companies are planning listings of their own this week, with $1.5 billion is expected to be raised in IPOs on U.S. exchanges overall this month.

This marks the first consecutive months with more than $1 billion sold since autumn of last year, the report said.

“Everyone was watching Cava very closely, so that’s going to be a good starting point for the opening up of the IPO market for new companies,” said Greg Martin, co-founder of Rainmaker Securities, which handles secondary transactions for private companies…Read Full Article