Apollo-backed Sprouts Farmers Market files for a $300 million IPO

By Renaissance Capital,

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Sprouts Farmers Market, which operates over 150 natural and organic grocery stores in eight southwestern states, filed on Thursday with the SEC to raise up to $300 million in an initial public offering.

The Phoenix, AZ-based company, which was founded in 2002 and booked $1.8 billion in sales for the 12 months ended 12/30/2012, plans to list on the NASDAQ under the symbol SFM. Goldman Sachs, Credit Suisse, and BofA Merrill Lynch are the joint bookrunners on the deal. No pricing terms were disclosed.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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