Stock of the week | Cava
Cava's stock initiated trading at $42 a share, a 91% increase from its IPO price of $22. By the end of the day, it had soared by 99%, settling the company's valuation at around $4.9 billion. The IPO helped Cava raise approximately $318 million, taking the company's valuation to about $2.5 billion.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 92.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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