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Sweetgreen to offer 12.5 million shares in IPO priced at $23 to $25 each

Sweetgreen Inc., an operator of health-driven restaurants, set terms for its initial public offering on Tuesday, with plans to offer 12.5 million shares, priced at $23 to $25 each. The company would raise $312.5 million at the top of that range at a valuation of $2.7 billion, based on the 106.3 million shares expected to be outstanding once the deal closes. The company has applied to list on the New York Stock Exchange, under the ticker “SG.” Goldman Sachs and JP Morgan are lead underwriters in