Reuters: Global Markets: Organic grocer Sprouts Farmers Market's shares double in debut

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Organic grocer Sprouts Farmers Market's shares double in debut Aug 1st 2013, 15:58 Thu Aug 1, 2013 11:58am EDT (Reuters) - Shares of organic grocer Sprouts Farmers Market Inc (SFM.O), which is backed by private equity firm Apollo Global Management LLC (APO.N), doubled in their market debut, valuing the company at about $5.24 billion. Sprouts Farmers Market shares opened at $35 on the Nasdaq. The offering of 18.5 million shares was priced at $18 per share, well above the expected price range, raising $333 million. Sprouts, a retailer of natural and organic food, operates more than 160 stores across the United States and sells everything from fresh fruit to homemade burgers. Goldman Sachs and Credit Suisse Securities were the lead underwriters to the offering.

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