Which way is it going to be for Cava?⁠ ⁠ Today, the fast-casual Mediterranean chain debuted on the NYSE in what was the sixth-largest IPO in the US this year.⁠ ⁠ With an initial share price of $22, the stock was an instant hit. It proceeded to open at $42 and finish the day up ~97%. Closing at $43.30, the company is now valued at around ~$4.7 billion.⁠ ⁠ While similar competitors like Chipotle and Sweetgreen have gone public over the years, the jury is still out on whether Cava will be the next Chipotle (trading at over $2k) or the next Sweetgreen (trading at ~$10).⁠ ⁠ #cava #ipo #nyse #chipotle #sweetgreen #businessnews #marketnews #investing #stockmarket