# @morningbrew on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CtiDM5QojhU
- **Gondola URL:** https://gondola.cc/posts/7651513-morningbrew-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/legacy-do/4cbd6ab6f2916dd850cee926c18bd8130426abfbc15a51cf1a5c2002694caf72.jpg
- **Posted:** 2023-06-16T01:00:33.000+00:00
- **Account Owner:** Morning Brew ☕️ (@MorningBrew) — https://gondola.cc/MorningBrew

## Caption

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

## Stats

- **Views:** 0
- **Likes:** 5,754
- **Shares:** 0
- **Comments:** 66

## Credits

These are the roles credited on Gondola. Credits may be incomplete.
A brand, account owner, or featured person is not necessarily the creator.

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Morning Brew ☕️ | @MorningBrew | https://gondola.cc/MorningBrew | Media Company |
| Liam Fennessy | @LiamFennessy_ | https://gondola.cc/LiamFennessy_ | Social Media Assistant |

## Tags

investing, chipotle, marketnews, stockmarket, businessnews, nyse, sweetgreen, ipo, cava

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