Home » Sprouts Farmers Market Prices IPO
National Store News

Sprouts Farmers Market Prices IPO

Sprouts Farmers Market

Sprouts Farmers Market Inc. on Wednesday announced the pricing of its initial public offering of 18.5 million 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 today.

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 Aug. 30, to purchase up to an additional 2,775,000 shares from the company. The offering is expected to close on Aug. 6, 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. The company intends to use the net proceeds from the offering to repay approximately $297.5 million of outstanding indebtedness under its term loan facility and to use any remaining proceeds for general corporate purposes.


About the author

Kristen Cloud

A former newspaper editor and publisher, she once enjoyed leisurely perusing the grocery store aisles but, since having a baby in 2016, she is now an enthusiastic click-and-collect shopper.

Nominations Open For Diversity & Inclusion Industry Icons Awards

Nominations are now open for Shelby Publishing’s Second Annual Diversity & Inclusion Industry Icons awards program, which will recognize the most iconic leaders working to advance and uphold diversity and inclusion in the U.S. grocery industry.

The deadline to submit entries is Dec. 17.

Enter Your Nominee Today

Featured Photos

Featured Photo Ribbon Cutting and Community Celebration
Viera, Florida
Share via
Copy link
Powered by Social Snap