The company’s last funding round earlier this year valued it at nearly $1.8 billion.
Salad chain Sweetgreen has confidentially filed for an initial public offering.
Founded in 2007, the company is seen as a healthier alternative to fast food. A planned debut had been rumored for years, but it comes as the pandemic fueled an increase in Sweetgreen’s digital sales.
The chain is a favorite of both busy office workers and investors. The company’s last funding round earlier this year valued it at nearly $1.8 billion, while Sweetgreen told The New York Times that its 2019 revenue topped $300 million.
Like its rival Chipotle Mexican Grill, Sweetgreen has leaned into technology to fuel sales growth even before the health crisis made it necessary. The salad chain invested in its mobile app and formatted its restaurants to make picking up digital orders as easy as possible to cut down on lines during lunch hour.
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