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Fairway Market prices IPO at $13, above the range

4/16/2013 6:07:00 PM
By: Renaissance Capital
Referenced Stocks:FWM

Fairway Group Holdings, which operates 12 large-format grocery stores in the greater NYC metro area, raised $177 million by offering 13.7 million shares at $13, above the range of $10 to $12. Fairway will list on the NASDAQ under the symbol FWM. Fairway Group Holdings filed confidentially on 8/2/2012. Credit Suisse, BofA Merrill Lynch, Jefferies & Co. and William Blair acted as lead managers on the deal.