Home Markets Sweetgreen Shares Nearly Double in Markets Debut

Sweetgreen Shares Nearly Double in Markets Debut

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Sweetgreen Inc. shares opened 86% higher in their market debut Thursday, as investors consider how the salad chain will operate with workers slowly returning to offices.

The stock opened at $52, above its better-than-expected initial public offering price of $28. The IPO price valued Sweetgreen, which isn’t profitable, at roughly $3.42 billion on a fully diluted basis.

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