Ipo watch

Cava Group, the Mediterranean-focused fast-casual restaurant chain, With 111.4 million shares to be outstanding, Cava will have a valuation of more than $2.4 billion. The company is set to list on the New York Stock Exchange under the ticker symbol CAVA. JPMorgan, Jefferies and Citigroup are lead underwriters in a team of 10 banks working on the deal. Cava is the first restaurant company to go public since Sweetgreen Inc. -4.18% in late 2021. Bill Smith, co-founder and chief executive of Renaissance Capital, a provider of IPO exchange-traded funds and institutional research, said an office straw poll about Cava’s food was mostly positive. “Someone said ‘better than Sweetgreen’ and that might sum up the investment case too,” Smith wrote in commentary. “[Cava] has Sweetgreen-like growth, but roughly Chipotle-like -0.39% restaurant operating margins. That’s a powerful combo, though company-level profit still has a ways to go, and some of the recent growth has been low-hanging fruit.” In any case, the deal will test investor appetite for restaurants and growth stories, he added. Here are five things to know about Cava. It’s a national player Cava believes it’s the only national player at scale in the Mediterranean category, with more than twice the number of restaurants as its next largest competitor, according to its filing documents. The company has grown its network of restaurants to 263 in the first quarter of 2023 from 22 in 2016, after acquiring rival Zoës Kitchen in 201...

List of upcoming IPOs in 2021: 1. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. IPO Launches Later in 2021: 1. 2. 3. 4. 5. 6. 7. 8. Closed IPOs in 2021: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. Here are the upcoming IPOs which might hit the primary market in 2021: - Sansera Engineering Ltd. IPO Company Background: Sansera Engineering Limited is an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors. Within the automotive sector, the company manufactures and supplies a range of precision forged and machined components and assemblies, such as connecting rod, rocker arm, crankshaft, gear shifter fork, stem comp, and aluminium forged parts, that are critical for engine, transmission, suspension, braking, chassis and other systems for the two-wheeler, passenger vehicle and commercial vehicle verticals. Within the non-automotive sector, Sansera Engineering manufactures and supplies a range of precision components for the aerospace, off-road, agriculture and other segments, including engineering and capital goods. The company supplies most of their products directly to OEMs in finished (forged and machined) condition, resulting in significant value addition by them. Sansera Engineering Ltd. IPO Details • The issue opens on 14 September 2021 and closes on 16 September 2021. • The issue size of the IPO is around Rs1,283crores. • The objective of the offer is to carry out th...

Strong Q1 for equity indices despite volatility in the banking sector and sticky inflation Global equity markets kicked off strongly in 2023, supported by lower energy and oil prices, positive business sentiment indicators and Mainland China reopening. As the quarter progressed, the geopolitical backdrop remained challenging and central banks globally continued to tighten monetary policy as the encouraging inflation data started to reverse with core inflation proving to be stickier than expected. However, despite the short lived equity market sell-off that followed the unexpected turbulence in the US and European banking sectors, indices rallied further on strong retail earnings and managed to close the quarter with sizable gains - the S&P 500 and the Stoxx 600 that both closed up 7%, and the Shanghai index that closed up 6%. IPO markets in the US and Europe remain largely closed, but Asia and the Middle East continue to outperform Following a slow 2022 IPO market, Q1 2023 new issuance volume remained underwhelming. Generally a quiet quarter for IPOs, the US and European IPO markets in Q1 were further impacted by the volatility in the banking sector leading to very limited activity. The Middle Eastern IPO market continued to deliver landmark transactions, including a mega privatisation IPO. Asia-Pacific Q1 IPO proceeds accounted for 66% of global IPO proceeds as issuance across the region remained strong, with Mainland China and Indonesia driving IPO volumes this quarter. ...