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Sprouts pops 123% in market debut, best first-day return since March 2011

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Sprouts Farmers Market ( SFM ), which operates over 160 natural and organic grocery stores in eight southwestern states, soared nearly 123% in its market debut on Thursday, beating out Noodles & Company ( NDLS ) for the best first-day gain of 2013. The company raised $333 million after pricing well above its initial price range. Sprouts' opening day represents the best first-day return for a US IPO since Qihoo 360 Technology ( QIHU ) gained 134% on March 30, 2011 and marks the first US-based company to gain over 120% since NYMEX went public in November 2006. Sprouts is the fourth natural grocer to go public in the last four years, following the successful IPOs of Fairway Markets (FWM; up 92% from its IPO price), Natural Grocers (NGVC; 139%) and The Fresh Market (TFM; 145%).

Top Five First-Day Returns Since 2011
Company Ticker Business Deal Size($mm) First-DayReturn TotalReturn
Qihoo 360 Technology QIHU Chinese internet security products $176 134% 349%
Sprouts Farmers Market SFM Value-priced natural grocer $333 123% 123%
LinkedIn LNKD Online professional network $353 109% 353%
Splunk SPLK Data analysis software $230 109% 194%
Noodles & Company NDLS Fast-casual restaurant chain $96 104% 141%

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


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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