Sprouts Farmers Market, Inc. (the “Company”) 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 are listed on the NASDAQ Global Select Market and started trading under the ticker symbol “SFM” on Aug. 1.
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.