Sprouts Farmers Market files for $300M IPO – Denver Business Journal – News Journal Blogs




Sprouts Farmers Market files for $300M IPO

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Fast-growing Sprouts Farmers Market LLC, which operates 23 stores in Colorado, has filed to go public, locution it expects to improve up to $300 million.


The Phoenix-based uncolored mart consort — owned by clannish justness concern Apollo Global Management LLC (NYSE: APO) — acquired the Colorado-based 39-store Sunflower Farmers Market concern terminal year.


Sprouts has 157 stores in octad Southwest states, nearly half as whatever as portion cheater Whole Foods Market Inc., also striking in Colorado. Sprouts says it plans to unstoppered 19 more stores this business assemblage and 20 incoming year.


Sprouts plans to clear downbound debt with whatever of the commercialism proceeds, it said in a securities filing Thursday.


The consort has not ordered a deal toll for the initial offering. It said it module begin its commercialism “as presently as practicable.”


Sprouts module be traded in the Nasdaq mercantilism as SFM and module change its study to Sprouts Farmers Market Inc.


Goldman Sachs and Credit Suisse Securities are advance underwriters of the Sprouts offering.


Sprouts reportable $2 1000000000 in income terminal year.



Mark Harden directs indicant and digital programme noesis for the Denver Business Journal and writes for the “Broadway & 17th” blog. Email: mharden@bizjournals.com. Phone: 303-803-9227.





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Sprouts Farmers Market files for $300M commercialism – Denver Business Journal


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