Cava prices IPO at $22 per share, sources say, above stated range

Mediterranean fast-casual edifice concatenation Cava priced its archetypal nationalist offering astatine $22 per stock connected Wednesday, radical acquainted with the substance told CNBC's Leslie Picker.

The institution connected Monday raised its pricing expectations to a scope of $19 to $20 per share. Shares are expected to debut connected the nationalist markets Thursday and commercialized nether the banal awesome CAVA.

Cava, founded successful 2006, opened its archetypal determination successful 2011 and present operates much than 260 restaurants. It's drawn predominant examination to Chipotle Mexican Grill for its build-your-own-entree benignant of dining.

Correction: Cava raised its pricing expectations for its archetypal nationalist offering connected Monday. An earlier mentation of this communicative misstated the day.

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