Christine Kapperman, Senior Content Director

May 13, 2013

1 Min Read
Sprouts files for IPO to raise $300 million

The rumored Sprouts Farmers Market initial public offering has been put to rest as the Phoenix-based company filed with the U.S. Securities and Exchange Commission, according to the Phoenix Business Journal and other media reports.

The Form S-1 says the company hopes to raise $300 million, with the stock listed under SFM on the NASDAQ. Neither the number of shares being offered nor the initial price are disclosed. Read Sprouts IPO document and full prospectus here.

Sprouts reported $2 billion in sales last year, according to the Business Journal.

Sprouts backer, Apollo Global Mangement, also filed to raise $100 million for its Claire's jewelry and accessories business, according to Reuters' report on the IPO.

About the Author(s)

Christine Kapperman

Senior Content Director, New Hope Network

As the senior content director at New Hope Network, Christine Kapperman combines her 20-year journalism background with her passion for business to cover the natural products industry for newhope.com and Natural Foods Merchandiser magazine. She also led content at worldteanews.com. She loves tracking (and tasting) trends as she shares what’s next to show up in cups, plates and in pantries across the United States.

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