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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.
  • Five stocks we like better than CAVA Group.

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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)
3.9825 of 5 stars		$86.03+0.6%N/A187.03Moderate Buy$127.56
Johnson & Johnson (JNJ)
4.505 of 5 stars		$157.42+2.3%3.15%23.67Moderate Buy$171.82
Kenvue (KVUE)
2.6675 of 5 stars		$23.42+3.0%3.50%44.19Hold$24.42
Nextracker (NXT)
3.4817 of 5 stars		$40.30+1.5%N/A10.25Moderate Buy$55.48
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