Cava's IPO Ignites Market Rally

Benzinga 2023-06-29

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IPO activity in US markets is showing signs of revival, with Cava Group Inc. experiencing a successful IPO and other companies considering going public. June is projected to raise $1.5 billion in IPOs, supported by bullish S&P 500 Index, low volatility, and market expectations of the Fed ending its tightening cycle.

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