Sweetgreen, Inc. (SG)

Sector - Consumer Discretionary

IPO Profile

About company

Over the last 15 years, they have been leading a movement to re-imagine fast food for a new era. There is a powerful shift happening in consumer behavior. Every day more people want to eat healthier food and care about the impact their choices have on the environment. This is becoming the new normal, and they believe sweetgreen is well positioned to be a category-defining food brand for the future. Today, sweetgreen is one of the fastest-growing restaurant companies in the United States by revenue. As of September 26, 2021, they owned and operated 140 restaurants in 13 states and Washington, D.C., and employed over 5,000 team members. They have thoughtfully designed all of their restaurants to both reflect the culture and feel of their local communities and to support their multiple digital channels. For their fiscal year to date through September 26, 2021, 68% of their revenue came through their Total Digital Channels, with 47% of their revenue coming from their Owned Digital Channels (and the remaining 32% of their revenue attributable to Non-Digital transactions made through their In-Store Channel).
Industry
Restaurant Chain
CEO CFO
-
Employees Founded
5000 2006

Contacts

Address: 3101 W. Exposition Blvd. Los Angeles, Ca 90018

Telephone: (323) 990-7040

Web page: http://www.sweetgreen.com

IPO information

First Trade Date 11/18/2021
Status Priced
Exchange NYSE
Lockup Period Expiration .Pro
Quiet Period Expiration .Pro
Old Price Range
-
Share prices ($)
23
25
28
0
0
Price Low Price High Priced Open 1st day Close 1st day

Shares & Volumes

Shares Initial (MM) 12.5
Shares Revised (MM) 13
Expected offer amount (MM) $300
Realized offer amount(MM) $364

Financial Data (last reporting year)

Market Cap (MM) $2551.44
Revenues (MM) $302.63
Net Income (Loss) (MM) $-128.06

Voting

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The lead left underwriter: Goldman Sachs

IPOs led by the firm .Pro
Profitability of conducted IPOs  ?  .Pro
1st day change  ?  .Pro
Change for the first 3 months  ?  .Pro
Underwriters
Goldman Sachs/ JP Morgan/ Allen & Company/ Morgan Stanley/ Citi/ Cowen/ Oppenheimer & Co./ RBC Capital Markets/ William Blair
CO-Managers
AmeriVet Securities/ Blaylock Van

Sector: Consumer Discretionary

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