Sprouts operates more than 150 stores and could grow to 1200, the company says.
PHOENIX — Sprouts Farmers Markets has become the latest food retailer to file for a public stock offering, seeking to fuel ambitious growth plans while the appetite for IPOs is hot. The retailer is touting rapid sales growth and the potential to add more than 1,000 new stores in a prospectus to raise around $300 million through the sale of shares. The offering, which Sprouts said it hopes to initiate “as soon as practicable,” would be fifth supermarket IPO in the last ...
SIGN IN TO ACCESS THIS ARTICLE
Registering for Premium Content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.