Sprouts Farmers Market commences public offering

Phoenix -- Sprouts Farmers Market has commenced an underwritten public offering of 22.5 million shares of its common stock by affiliates of Apollo Global Management and certain other stockholders of the company. The underwriters of the offering will have the option to purchase up to an additional 3.375 million shares of common stock from the selling stockholders.

Apollo is offering approximately 11.8 million of the total shares (13.6 million if the underwriters' option is exercised in full). The selling stockholders will receive all of the proceeds from the offering.

 

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