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US IPO Weekly Recap: Restaurant chain CAVA finishes up 73% after a successful IPO

CAVA

Three companies priced this past week, two of which are eligible for inclusion in our IPO stats. They were joined by one SPAC. CAVA Group (CAVA) priced above the upwardly revised range, the first major IPO to do so since late 2021, raising $318 million at a $2.6 billion market cap. CAVA owned and operated 263 CAVA restaurants across 22 states and DC as of 4/16/23...read more

SPAC ESH Acquisition prices $100 million IPO, targeting entertainment, sports, and hospitality

ESH Acquisition, a blank check company led by industry veterans targeting entertainment, sports, and hospitality, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination. ESH Acquisition is led by ...read more

SPAC ESH Acquisition slashes unit offering by 67% ahead of $100 million IPO

ESH Acquisition, a blank check company led by industry veterans targeting entertainment, sports, and hospitality, lowered the proposed deal size for its upcoming IPO on Monday. This is the company's first update since originally filing for an IPO in May 2022. The New York, NY-based company now plans to raise $100 million by offering 10 million units at $10, with each unit...read more

SPAC ESH Acquisition files for a $300 million IPO, former Disney exec and Magic Johnson lead board

ESH Acquisition, a blank check company led by industry veterans targeting entertainment, sports, and hospitality, filed on Thursday with the SEC to raise up to $300 million in an initial public offering. The company plans to raise $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one warrant, exercisable at $11.50. At the proposed...read more

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