Sweetgreen going public

Sweetgreen Inc. is going public.

The Los Angeles-based chain publicly filed Monday with the Securities and Exchange Commission, saying in its prospectus that over two-thirds of its revenue comes from digital sales and its AUV is $2.5 million.

The number of shares to be offered and the price range for the proposed offering have not yet been determined, but the chain intends to list its Class A common stock on the New York Stock Exchange under the symbol "SG," according to a company press release.

Goldman Sachs & Co. LLC and J.P. Morgan will act as lead book-running managers and as representatives of the underwriters for the proposed offering. Allen & Company LLC and Morgan Stanley will be book-running managers. Citigroup Global Markets Inc., Cowen and Company, LLC Oppenheimer & Co. Inc., RBC Capital Markets, and William Blair will also be book-running managers. Amerivet Securities and Blaylock Van LLC will act as co-managers for the proposed offering.

Sweetgreen, which has 140 restaurants in 13 states and Washington D.C., said in its prospectus that it planned to double its footprint over the next five years.

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