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Sprouts Farmers Market has said that underwriters of its recent public offering have exercised their option to purchase an additional 2.25 million shares of common stock, at $33.75 per share.
The additional purchase brings the total number of shares of common stock sold to 17.25 million.
The offering, which is scheduled to close on April 2, 2014, is being made through an underwriting group led by Goldman, Sachs & Co., Credit Suisse, BofA Merrill Lynch, Apollo Global Securities, Barclays, Deutsche Bank Securities, UBS Investment Bank, Guggenheim Securities and Wolfe Research Securities.
Phoenix-based Sprouts Farmers Market operates more than 170 stores in nine states.