Can Food Stock Newbie Sovos Brands Live Up to Its Energetic IPO?
Offering its shares on the public stock market for the first time on Sept. 23, food company Sovos Brands (NASDAQ: SOVO) ended up pricing its initial public offering (IPO) lower than originally planned. But investors appeared to think the launch suited their taste and the stock price jumped soon after, ending its first day's trading up over 20%.
Despite the relatively optimistic first day of trading, there are at least three reasons you might want to be cautious about buying this food industry upstart's shares.
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Source Fool.com
