Grocery & Drug Stores IPOs » By The Online Investor Staff, updated Tue., Apr. 16, 2:23 PMRecent initial public offerings in the Grocery & Drug Stores IPOs category.
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Slide #3. Sprouts Farmers Markets, LLC — Initial Public Offering
Company:
Sprouts Farmers Markets, LLC
Proposed Symbol:
SFM
Shares Offered:
18,500,000
Price Per Share:
$18
Over-Allotment:
2,775,000
Description:
Sprouts Farmers Markets, LLC (the "Company") today announced that it has commenced an initial public offering. In connection with the initial public offering of an aggregate of 18,500,000 shares of common stock, the Company intends to convert into a Delaware corporation, Sprouts Farmers Market, Inc. The Company is selling 17,702,215 shares of common stock and certain stockholders are selling 797,785 shares of common stock. It is currently estimated that the initial public offering price will be between $14.00 and $16.00 per share. The underwriters have an option, exercisable within 30 days after the date of the final prospectus relating to the offering, to purchase up to an additional 2,775,000 shares from the Company. The Company has applied to list its common stock on the Nasdaq Global Select Market under the ticker symbol "SFM".--updated 8/1 - Sprouts Farmers Market, Inc. (the "Company") today announced the pricing of its initial public offering of 18,500,000 shares of common stock at a public offering price of $18 per share. The shares will be listed on the Nasdaq Global Select Market and will trade under the ticker symbol "SFM" beginning on August 1, 2013. The Company is selling 17,702,215 shares of common stock and certain stockholders are selling 797,785 shares of common stock. The underwriters have an option, exercisable until August 30, 2013, to purchase up to an additional 2,775,000 shares from the Company. The offering is expected to close on August 6, 2013, subject to customary closing conditions. The Company expects to receive net proceeds from the offering of approximately $297.5 million, after deducting underwriting discounts and estimated offering expenses.
