Mediterranean restaurant chain Cava's stock doubled as it debuted on Thursday, putting the chain's value at $4.68billion, bringing it ahead of Sweetgreen and The Cheesecake Factory. Its value soared as high as 112 percent on Thursday morning before dropping to around 98 percent in the afternoon. The stock opened at $42 a share, which boosted its value to more than $4.6billion. Cava priced its initial public offering (IPO) at $22 on Wednesday and it sold 14.4million shares, rising to $318million, which initially valued the Mediterranean restaurant at $2.45billion, according to .
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