https://techcrunch.com/2021/11/09/sweetgreens-ipo-pricing-guidance-illuminates-valuation-range-for-tech-enabled-companies/

Sweetgreen, a fast-casual restaurant chain that attracted ample venture capital during its life as a private company, set early terms for its IPO this morning.

The well-known salad-slinger expects to sell stock in its public market debut at a range of $23 to $25 per share. Inclusive of shares reserved for its underwriting banks, Sweetgreen is worth between $2.5 billion and $2.7 billion at those prices. IPO-watching group Renaissance Capital estimates that at the midpoint of its IPO price range, Sweetgreen is worth $3.0 billion on a fully diluted basis; at the top end of its price range, Sweetgreen’s fully diluted valuation swells to $3.13 billion.