First Watch Restaurant Group, Inc. Announces Initial Public Offering

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First Watch Restaurant Group (FWRG) IPO Opens 17% Higher, Valuing Co. at $1.15B

October 1, 2021 11:24 AM EDT

Today's IPO for First Watch Restaurant Group, Inc. (NASDAQ: FWRG) opened for trading at $21 after pricing at $18, the lower end of the expected $19-$21 range.

The valuation is ~$1.15 billion based on the opening price.

First Watch is an award-winning daytime restaurant concept serving... More