Morning Brew Daily Cava Crushes In IPO, Has Pixar Lost It's Fastball? & Ticketmaster Gets Honest
Jun 16, 2023
Cava's IPO has everyone buzzing, especially after its stock skyrocketed on debut. The hosts ponder Pixar's box office woes and its storied legacy in animation. Ticketmaster faces scrutiny as pressures for transparent pricing mount in the wake of the pandemic. Meanwhile, a Harvard morgue scandal involving body parts is both shocking and oddly humorous. Plus, insights into Toyota's late entry into the EV market and the potential shift in Las Vegas becoming a sports hub add to the lively discussions.
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Cava's IPO Impact
- Cava's IPO was a milestone for the dry IPO market, with shares popping 99% on the first day.
- This success may encourage other companies waiting to go public, potentially leading to more IPOs.
Cava's S1 Insights
- Kyle Hagge analyzed Cava's S1 filing, noting its diverse business model, including CPG and a fast-growing app.
- He also highlighted the company's acknowledgment of risks like social media threats and a history of losses.
Cava's IPO in Context
- Cava's IPO success is compared to Chipotle's long-term growth and Sweetgreen's more moderate performance.
- The IPO's success may influence other restaurant chains and tech companies considering going public.