Cava’s blockbuster initial public offering (IPO) comes as restaurant customers look to strike a balance between convenience and quality — the sweet spot for the fast-casual segment. The Mediterranean fast-casual brand shared in a news release Wednesday (June 14) that it brought in about $318...
CAB Payments Holdings has confirmed its plans to go public on the London Stock Exchange. The payments services/foreign exchange company had first announced plans for an initial public offering last week, and restated those intentions Thursday (June 15). “Following significant interest in CAB Payments, the...
CAB Payments Holdings plans to go public via an initial public offering (IPO) in London. The U.K. FinTech, which specializes in payments services and foreign exchange (FX), announced its objective to float on the London Stock Exchange Thursday (June 8). “Our intention to list on the London Stock...
Philippines-based mobile wallet provider GCash is reportedly ready to go public. “We’re pretty much ripe for it,” Ernest Cu, president and CEO of GCash parent Globe Telecom, said in an interview with Bloomberg Television Thursday (June 8), referring to the company’s plan for an initial...
Fast casual eatery Cava is reportedly set to begin promoting its initial public offering (IPO). Executives from the Mediterranean-themed restaurant chain plan to begin a roadshow to attract investors as soon as Tuesday, the Wall Street Journal reported Sunday (June 4). The report, citing people familiar with the matter,...
The FinTech IPO Index’s 3.4% gains were outpaced this week by outsized momentum in names like SoFi, while earnings reports in other holdings continued to impact trading. Shares in SoFi soared 28.1.%. As has been widely reported, as part of the agreement on Capitol Hill...
With fast-casual chains’ stocks outperforming the restaurant industry, more brands, including Panera and Cava, are looking to capitalize on the industry’s recovery. Panera Brands, a group encompassing fast-casual bakery-café chain Panera Bread, Einstein Bros. Bagels and Caribou Coffee, announced significant moves Tuesday (May 23) on its path to going public via initial...
Earnings, earnings, everywhere — and for the FinTech IPO Index, a notable rally marked the past five sessions. The overall index was up 9.3%. Blend Labs led the charge, where shares soared more than 84%. In the company’s results, Blend noted its mortgage banking software...
Tech companies have determined that the United Kingdom is not the place to launch their initial public offerings. This observation follows the decision of British semiconductor designer Arm to list in New York, CNBC reported Monday (May 8). The report attributed tech companies’ wariness about listing...