Bloomberg News

Apollo-Controlled Sprouts Farmers Markets Announces IPO Pricing

July 22, 2013

Sprouts Farmers Markets LLC (SFM:US), the U.S. grocery chain controlled by Apollo Global Management LLC (APO:US), said it will sell 18.5 million shares in an initial public offering, valuing the company at as much as $296 million.

Sprouts will use proceeds from the offering to repay about $247.6 million in debt, it said today in a statement. The stock will sell for an estimated $14 to $16 a shares, Sprouts said. The Phoenix-based retailer applied in May for an IPO, and plans to become a Delaware corporation.

To contact the reporter on this story: David Risser in London at drisser@bloomberg.net

To contact the editor responsible for this story: Robert Valpuesta at rvalpuesta@bloomberg.net


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Companies Mentioned

  • SFM
    (Sprouts Farmers Market Inc)
    • $32.73 USD
    • 0.03
    • 0.09%
  • APO
    (Apollo Global Management LLC)
    • $23.56 USD
    • 0.23
    • 0.98%
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