A person departs a Cava restaurant chain location on February 6, 2023 in Pasadena, California.
Mario Tama | Getty Images
Cava, which operates a chain of Mediterranean fast-casual restaurants in the United States, said on Monday it is now aiming for a valuation of up to $2.23 billion in its U.S. initial public offering.
The company had earlier targeted up to $2.12 billion, priced between $17 and $19 apiece in the offering at the top of the proposed range.
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