Roc Nation-backed healthy restaurant chain Sweetgreen plans to float on the New York Stock Exchange having reportedly raised about $630m in funding.
US-based healthy restaurant chain Sweetgreen filed to go public yesterday in an initial public offering which would represent an exit for entertainment agency Roc Nation’s investment vehicle, Arrive.
Sweetgreen runs a chain of 140 restaurants which sell and deliver healthy fast food such as salads or vegetable bowls. It increased revenue 51% year on year to approximately $243m in the first nine months of 2021 while lowering its net loss from $100m to $87m in the same period.
The…
