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Will Cava's Successful Debut Raise Hope For Reviving IPO Market?

Kate Stalter
Written by Kate Stalter
June 21, 2023

Key Points

  • Restaurant chain Cava Group's IPO outperformed expectations, raising $318 million through the sale of 14.4 million shares.
  • Factors that could boost the IPO market include moderating inflation, stable interest rates, and strong growth stocks.
  • There have been 72 IPOs in 2023, a 40.98% decrease compared to the same period in 2022.
  • Johnson & Johnson's spin-off, Kenvue, is forming a post-IPO base after a successful offering.
  • NexTracker, a solar industry software provider, has seen a 66% price increase in its stock price since its IPO.
  • There have been 72 IPOs in 2023, a 40.98% decrease compared to the same period in 2022.
  • MarketBeat previews the top five stocks to own by May 1st.

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Kate Stalter
About The Author

Kate Stalter

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

Learn More about Kate Stalter
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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
CAVA Group (CAVA)
3.9499 of 5 stars		$80.71-6.2%N/A175.46Moderate Buy$126.94
Johnson & Johnson (JNJ)
4.4751 of 5 stars		$157.00-0.3%3.31%23.61Moderate Buy$171.82
Kenvue (KVUE)
2.7908 of 5 stars		$22.29-4.7%3.68%42.06Hold$24.42
Nextracker (NXT)
3.5917 of 5 stars		$39.28-2.5%N/A9.99Moderate Buy$55.48
Compare These Stocks  Add These Stocks to My Watchlist 

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