Sprouts Farmers Market, an Apollo-backed operator of over 160 natural and organic grocery stores in seven southwestern states and California, raised $333 million by offering 18.5 million shares (4.3% insider) at $18, above the $14-$16 range. At the IPO price, Sprouts commands a fully diluted market value of $2.8 billion and an enterprise value of $3.2 billion. Sprouts Farmers Market will list on the NASDAQ under the symbol SFM. Goldman Sachs, Credit Suisse and BofA Merrill Lynch acted as joint bookrunners on the deal.
