Fast casual eatery Cava is reportedly set to begin promoting its initial public offering (IPO). Executives from the Mediterranean-themed restaurant chain plan to begin a roadshow to attract investors as soon as Tuesday, the Wall Street Journal reported Sunday (June 4). The report, citing people familiar with the matter,...
The FinTech IPO Index’s 3.4% gains were outpaced this week by outsized momentum in names like SoFi, while earnings reports in other holdings continued to impact trading. Shares in SoFi soared 28.1.%. As has been widely reported, as part of the agreement on Capitol Hill...
With fast-casual chains’ stocks outperforming the restaurant industry, more brands, including Panera and Cava, are looking to capitalize on the industry’s recovery. Panera Brands, a group encompassing fast-casual bakery-café chain Panera Bread, Einstein Bros. Bagels and Caribou Coffee, announced significant moves Tuesday (May 23) on its path to going public via initial...
Earnings, earnings, everywhere — and for the FinTech IPO Index, a notable rally marked the past five sessions. The overall index was up 9.3%. Blend Labs led the charge, where shares soared more than 84%. In the company’s results, Blend noted its mortgage banking software...
Tech companies have determined that the United Kingdom is not the place to launch their initial public offerings. This observation follows the decision of British semiconductor designer Arm to list in New York, CNBC reported Monday (May 8). The report attributed tech companies’ wariness about listing...
Johnson & Johnson’s consumer healthcare spinoff has made the biggest U.S. initial public offering (IPO) since 2021. Kenvue, which includes Band-Aid and several other well-known consumer brands that had been part of Johnson & Johnson, raised $3.8 billion in an IPO that valued it at...
Semiconductor designer Arm Ltd., a subsidiary of SoftBank Group, is planning an initial public offering (IPO). The organization has confidentially submitted a draft registration on Form F-1 — a filing that is required for the registration of certain securities by foreign issuers — to the...
The door opens for investors to bet on the digital front door, in India. The premise and promise of the super app is to give a single point of entry (the front door) to a range of activities spanning everything from ride-hailing to commerce to...
The FinTech IPO Index slid 5.45%, even as earnings season has yet to fully hit home in the sector. MoneyLion shares sank 29.7% through the past five sessions. The company said that it would affect a 1-for-30 reverse stock split of its Class A common stock. In...
