sweetgreen (SG)

IPO Stage
BETA

Building healthier communities by connecting people to real food

Analytics

Stage

IPO

Platform

Robinhood

IPO Date

11/18/2021

Method of Going Public

IPO

Expected Public Exchange

New York Stock Exchange (NYSE)

Price Range

$23 - $25

Security Type

Equity - Common

Funding Type

S-1

Series

Series I

IPO Valuation

$2.7B

IPO Lead Underwriter

Goldman Sachs, J.P. Morgan

# of Acquisitions

2

Location

Los Angeles, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

Sweetgreen, with an expected public market valuation of $2.7 billion, will go public November 18, 2021. Sweetgreen is a fast casual restaurant chain offering fresh, simple, seasonal, and healthy salads and grain bowls. Jonathan Neman, Nathaniel Ru, and Nicolas Jammet founded sweetgreen in 2007 who were three college students simply looking for healthier food options. The company will trade under the ticker "SG" on the New York Stock Exchange (NYSE) with an price range of $23 - $25

Income Statement

Revenue

$220,615,000

Operating Expenses

Research/Technology & Development

$0

Sales & Marketing

$0

General & Administrative

$99,142,000

Total Operating Expenses

$132,891,000

Operating Income

$-141,593,000

Other Income, Net

$0

Income (Loss) Before Provision For (Benefit From) Income Taxes

$-141,224,000

Provision For (Benefit From) Income Taxes

$0

Net Income (Loss)

$-141,224,000

 

Net Income (Loss) Attributable to Common Stockholders:

Basic

$0.00

Diluted

$0.00

Net Income (Loss) Per Share Attributable to Common Stockholders:

Basic

$-8.80

Diluted

$-8.80

Weighted-Average Shares of Common Stock Used For Pro Forma:

Basic

16,051,960

Diluted

16,051,960

Balance Sheet - Assets

Current Assets

Cash and Cash Equivalents

$102,640,000

Accounts Receivable

$1,087,000

Total Current Assets

$115,859,000

Property and Equipment, Net

$127,211,000

Goodwill

$6,275,000

Intangible Assets, Net

$10,942,000

Restricted Cash

$125,000

Other Assets

$0

Total Assets

$265,683,000

Balance Sheet - Liabilities

Current Liabilities

Accounts Payable

$6,232,000

Accrued Expenses

$17,893,000

Other Current Liabilities

$0

Total Current Liabilities

$36,318,000

Total Liabilities

$67,407,000

Commitments and Contingencies

Convertible Preferred Stock

$0

Stockholders' (deficit) Equity

Common Stock

$17,000

Additional Paid In Capital

$19,662,000

Accumulated Other Comprehensive Income (Loss)

$-323,041,000

Total Stockholders' (Deficit) Equity

$-307,362,000

Statements of Cash Flows

Cash Flows from Operating Activites

Net Cash Provided By (Used In) Operating Activities

$-90,352,000

Cash Flows from Investing Activites

Net Cash Provided By (Used In) Investing Activities

$-58,405,000

Cash Flows from Financing Activites

Net Cash Provided By (Used In) Financing Activities

$2,145,000

Total Cash, Cash Equivalents, and Restricted Cash

$0

Financials as of: 06/17/2021
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Sweetgreen IPO 2021: Price, Dates, and All You Need to Know
$
Platform: Robinhood
Security Type: Equity - Common
Valuation: $2,700,000,000

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