NEW YORK (TheStreet) -- Sprouts Farmers Market, Inc. (SFM) is up 4.7% to $35.78 in trading Friday, one day after it announced the pricing of a secondary offering of 15 million shares at $33.75 by affiliates of Apollo Global Managment (APO) and other "selling stockholders".
The offering is scheduled to close April 2.
The underwriters of the offering -- Goldman Sachs (GS), Credit Suisse (CS), Bank of America Merrill Lynch (BAC) and Barclays (BCS), among others -- will have an opportunity to purchase up to 2.25 million additional shares of common stock.
Sprouts Farmers Market is a specialty grocer based in Phoenix that sells organic produce and has 170 stores across the U.S.
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