Business Naomi Osaka-backed Sweetgreen targets up to $2.7 billion valuation in IPO

Naomi Osaka-backed Sweetgreen targets up to $2.7 billion valuation in IPO

Naomi Osaka-backed Sweetgreen targets up to $2.7 billion valuation in IPO



Please are attempting one other search


Financial system1 hour ago (Nov 09, 2021 07: 46AM ET)


© Reuters. FILE PHOTO: Tennis – Australian Originate – Females’s Singles Remaining – Melbourne Park, Melbourne, Australia, February 20, 2021 Japan’s Naomi Osaka celebrates with the trophy after worthwhile her ultimate match in opposition to Jennifer Brady of the U.S. REUTERS/Kelly Defina

(Reuters) -Tennis fundamental person Naomi Osaka-backed salad chain Sweetgreen Inc acknowledged on Tuesday it used to be attempting to rep a valuation of up to $2.7 billion in its initial public offering within the usa.

The Los Angeles, California-primarily based entirely company plans to promote 12.5 million shares priced between $23 and $25 every, aiming to win up to $312.5 million on the tip terminate of the vary.

Plant-primarily based entirely meals companies hold attracted investor attention at some level of the last few years, particularly as more folks gravitate to wholesome and atmosphere-friendly meals.

A lot of the expect of is being led by millennials and technology Z shoppers, who are greater than challenging to spend on sustainable merchandise that are furthermore wholesome.

The company used to be valued at $1.8 billion after a funding spherical earlier this twelve months, per media experiences. T.Rowe Price, Lone Pine Capital and D1 Capital Partners are among its numerous investors.

Sweetgreen, which used to be founded in 2007, expects to listing on the Fresh York Stock Exchange beneath the ticker image ‘SG’.

Goldman Sachs (NYSE:), J.P. Morgan, Morgan Stanley (NYSE:) and Allen & Firm are among the many underwriters for the offering.

Linked Articles

Disclaimer: Fusion Media would esteem to remind you that the records contained on this web instruct is no longer necessarily accurate-time nor appropriate. All CFDs (shares, indexes, futures) and Forex costs are no longer equipped by exchanges but comparatively by market makers, and so costs may presumably well well no longer be appropriate and may presumably well well vary from the sincere market ticket, which blueprint costs are indicative and no longer acceptable for purchasing and selling capabilities. Therefore Fusion Media doesn`t undergo any accountability for any purchasing and selling losses you may presumably well presumably incur as a outcomes of the consume of this knowledge.

Fusion Media or any individual alive to with Fusion Media will no longer settle for any liability for loss or injury as a outcomes of reliance on the records along with records, quotes, charts and rep/promote signals contained interior this web instruct. Please be fully advised relating to the dangers and costs linked to purchasing and selling the financial markets, it is believed to be one of many riskiest funding forms possible.

Read Extra

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here