Sweetgreen Inc, a healthy food restaurant and lifestyle brand, has filed Form S-1 Registration Statement on October 25, 2021 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce.
The company is one of the fastest-growing restaurant companies in the United States by revenue. As of September 26, 2021, they owned and operated 140 restaurants in 13 states and Washington, D.C., and employed over 5,000 team members.
The Los Angeles, California-based company was founded in 2006 and booked $303 million in sales for the 12 months ended September 30, 2021. It plans to list on the NYSE under the symbol “SG.” Goldman Sachs, J.P. Morgan, Allen & Company, Morgan Stanley, Citi, Cowen, Oppenheimer & Co., RBC Capital Markets, and William Blair are underwriters of the IPO.
The company engages Cooley LLP as US Securities Counsel, and AO Deloitte & Touche LLP as Independent Auditor.
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