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Sweetgreen Priced, NYSE: SG

Operates a chain of fast casual salad restaurants.

Industry: Consumer Discretionary

Latest Trade: $12.07 0.00 (0.0%)

First Day Return: +76.8%

Return from IPO: -56.9%

Industry: Consumer Discretionary

Over the last 15 years, we have been leading a movement to re-imagine fast food for a new era. There is a powerful shift happening in consumer behavior. Every day more people want to eat healthier food and care about the impact their choices have on the environment. This is becoming the new normal, and we believe sweetgreen is well positioned to be a category-defining food brand for the future. Today, sweetgreen is one of the fastest-growing restaurant companies in the United States by revenue. As of September 26, 2021, we owned and operated 140 restaurants in 13 states and Washington, D.C., and employed over 5,000 team members. We have thoughtfully designed all of our restaurants to both reflect the culture and feel of our local communities and to support our multiple digital channels. For our fiscal year to date through September 26, 2021, 68% of our revenue came through our Total Digital Channels, with 47% of our revenue coming from our Owned Digital Channels (and the remaining 32% of our revenue attributable to Non-Digital transactions made through our In-Store Channel).
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IPO News for Sweetgreen
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IPO Data
IPO File Date 10/25/2021
Offer Price $28.00
Price Range $23.00 - $25.00
Offer Shares (mm) 13.0
Deal Size ($mm) $364
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/17/2021
Offer Price $28.00
Price Range $23.00 - $25.00
Offer Shares (mm) 13.0
Deal Size ($mm) $364
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Los Angeles, CA
Founded 2006
Employees 5,396
Website www.sweetgreen.com