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Sprouts Farmers Market, Inc. said that the underwriters of the recently announced public offering of its common stock have exercised their option to purchase an additional 2.55 million shares of common stock at a public offering price of $37 per share, bringing the total number of shares of common stock sold in the offering to 19.55 million.
The offering is scheduled to close on Dece. 2, 2013, subject to customary closing conditions, and the selling stockholders will receive all of the proceeds from the offering.
The offering 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. Goldman, Sachs & Co., Credit Suisse and BofA Merrill Lynch are acting as joint book-running managers of the offering, and Goldman, Sachs & Co. and Credit Suisse are the representatives of the underwriters.
Phoenix-based natural and organic foods retailer Sprouts Farmers Market operates more than 160 stores in eight states.