It's been a dry year for initial public offerings (IPOs). We're still in a bear market, and with high interest rates, there's less cheap money floating around to fund new offerings.
But there have been some standouts, such as Cava Group (NYSE: CAVA), which caught investors' eyes when it went public in June. Cava operates a fast-casual restaurant chain with increasing sales, and it surprised investors when it released its first quarterly report in August, showing a net profit.
There's a lot of momentum, but does that mean you should buy the stock? Let's see whether it can live up to the hype.
Source Fool.com