Phoenix, Arizona-based Sprouts Farmers Market has announced the launch of a public offering of 15,847,800 shares of its common stock held by affiliates of Apollo Global Management. The affiliates of Apollo will be the only selling stockholders. The company will not issue shares in the offering and will not receive any proceeds from the sale of the shares by Apollo in this offering.
The offering will be made only by means of a prospectus and related prospectus supplement forming a part of the registration statement filed by the company with the Securities and Exchange Commission on March 4. Copies of the preliminary and, when available, final prospectus and related prospectus supplement relating to the offering may be obtained by contacting Barclays Capital or Morgan Stanley.
Sprouts currently operates more than 195 stores in a dozen states.