Cava Group Goes Public, Raises $318 Million in IPO.

Mediterranean restaurant chain Cava's successful IPO could encourage other restaurant companies to go public, as they watch to see how the chain fares in the public market. Cava's decision to raise its initial price range is an early indication the IPO will perform well. Brazilian steakhouse Fogo de Chão and Korean barbecue chain Gen Restaurant Group have both filed regulatory paperwork confidentially, while both Panera Bread and Fat Brands' Twin Peaks have shared intent to issue an IPO in the near future. However, sudden volatility in the market can spook investors and the private companies hoping to attract them.