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FWRG News

Restaurants look to serve up fresh IPOs in a stale market

CAVA

More consumers are dining out and restaurants are looking to cash in. Last week, the moribund IPO market got a boost from fast-casual Mediterranean chain CAVA Group (CAVA), whose $100 million filing makes it the first sizable restaurant to join the IPO pipeline since November 2021, when Brazilian steakhouse chain Fogo Hospitality (FOGO) filed...read more

US IPO Weekly Recap: The IPO market can see clearly now in a 4 IPO, 2 direct listing week

WRBY

The IPO market remained active this past week as four IPOs raised $2.3 billion, joined by two direct listings. SPAC activity kept steady with nine blank check IPOs. New filers continue to pour into the IPO pipeline, with 17 IPOs and 10 SPACs submitting initial filings. NYSE direct listing Warby Parker (WRBY) opened for trading at $54 (+35% vs. reference price)...read more

Daytime dining concept First Watch Restaurant Group prices IPO within range at $18

FWRG

First Watch Restaurant Group, which operates daytime casual-dining restaurants in the US, raised $170 million by offering 9.5 million shares at $18, slightly below the midpoint of the $17 to $20 range. Backed by Advent International, First Watch is a daytime restaurant concept that serves made-to-order breakfast, brunch, and lunch. As of June 27, 2021, it had 423...read more

US IPO Week Ahead: September closes out with software and consumer names in a 4 IPO, 2 direct listing week

AMPL

Updated on Mon, 9/27. As September comes to an end, three IPOs are scheduled to raise almost $1.5 billion in the week ahead, joined by direct listings from Amplitude and Warby Parker.   Digital optimization company Amplitude (AMPL) will be the Nasdaq’s second major direct listing, with an estimated market value at listing of nearly $5...read more