Sweetgreen cheered in public debut, as stock opens 86% above IPO price
Marketwatch -

Sweetgreen Inc. received a standing ovation by investors on its public debut, as the California-based operator of health-driven restaurants' stock opened 85.7% above the upsized initial public offering price. The company said overnight that it raised $364.0 million as it sold 13.0 million shares in the IPO, which priced at $28 a share, well above the expected range of between $23 and $25 a share. The stock's first trade on the NYSE was at $52.00 at 1.44 p.m. Eastern for 2.3 million shares. At...

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