Does Cava's Massive IPO Suggest a Shifting Landscape?
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
It's an oasis in the desert, a sanctuary for restless capital. It's a -- two words -- vibe shift.
Amid a dismal year for the IPO market, fast-casual Mediterranean lunch spot Cava on Thursday made its public trading debut. Its share price immediately popped as much as 113%, marking one of the stock market's most explosive entrances in the past two years even though the company has yet to turn a profit. So is Wall Street partying like it's 2020 again?
Source Fool.com
