Sprouts Hires Advisors for IPO: Report

PHOENIX — Sprouts Farmers Markets here has selected two banks to underwrite an initial public offering later this year, Reuters reported this week.

Reuters, citing anonymous sources, said Goldman Sachs and Credit Suisse would lead the offering. Reports earlier this year said Sprouts, which is owned by the hedge fund Apollo Capital Management, was considering a public offering. The chain had no comment on the matter then.

A spokesperson wasn’t immediately available for comment Thursday.

Read more: Sprouts Said to Consider IPO