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 story : Sweetgreen to go public as IPO priced well above expected range, valuing company at nearly billion #FinanceUSA #StockMarketNEWS Sweetgreen Inc. is headed for its public debut Thursday, after the

@stockMarketNEWS 9 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Sweetgreen to go public as IPO priced well above expected range, valuing company at nearly billion #FinanceUSA #StockMarketNEWS
Sweetgreen Inc. is headed for its public debut Thursday, after the California-based operator of health-driven restaurants said overnight that its upsized initial public offering priced at a share, well above the expected range of between and a share. The company raised 4.0 million as it sold 13.0 million Class A shares in the IPO, up from an expected 12.5 million share offering. with a total of 106.31 million Class A and Class B shares outstanding after the IPO, the pricing valued that company at .98 billion. The stock is expected to start trading on the NYSE some time after the open under the ticker symbol "SG." The company recorded a net loss of .1 million on revenue of .8 million during the three months ended Sept. 26, after a loss of .9 million on revenue of .5 million in the same period a year ago. Sweetgreen is going public at a time that the Renaissance IPO ETF has gained 7.5% over the past three months while the S&P 500 has tacked on 6.6%.


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