Sprouts Farmers Market is considering going public, according to a Bloomberg report based on three anonymous sources.
According the news report:
The Phoenix-based company may begin interviewing underwriters for an IPO soon, said one of the people, who asked not to be named because the discussions are private.
After merging with Sunflower Farmers Market in spring 2012, Sprouts reached about 150 stores and more than 10,000 employees under Apollo Global Management ownership.
Timing might be right for such an initial public offering as Bloomberg reported stocks have rallied lately and 13 U.S. IPOs this year are trading higher than their offer price.
Natural Grocers by Vitamin Cottage last year went public and recently ended its first quarter on track with its 2013 projections.