Enter multiple symbols separated by commas

Green shoot alert! Sprouts Farmers Market doubles on IPO

Andy Cross | The Denver Post | Getty Images

Shares of organic grocer Sprouts Farmers Market, which is backed by private equity firm Apollo Global Management, 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.

(Read More: Trader Joe's, Publix, Whole Foods rank highest with shoppers)

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.

On Wednesday, competitor Whole Foods Market reported earnings that beat expectations, though sales were light and same-store sales growth appeared to be slowing.

(Read More: Whole Foods earnings beat estimates, revenue light)

—By Reuters With CNBC

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • Why women cheat?

    Is cheating bad? Why do women cheat? The founder and CEO of affair website Ashley Madison tells all, including why he has his eye on China.

  • American Pharoah

    As American Pharoah chases the Triple Crown at the Preakness this Saturday, his earning potential can only go up.

  • Banking on your brand: Mika Brezezinski

    Mika Brezezinski, "Morning Joe" co-host, talks about giving women, entrepreneurs and millennials the tools to live and work to their full potential.

U.S. Video

  • Cramer: Here's a sign the market could rally

    Wall Street's been soaking in red, but "Mad Money" host Jim Cramer has one signal to watch for that could point to another run.

  • Burger war maneuvers

    Cramer looks at the number of company's selling burgers and tries to determine the quality names, as well as those to avoid.

  • Cramer: What's driving defense?

    Cramer says that even though President Obama has made it clear the US can no longer be the world's policeman, the country can become the world's arms dealer. Profiting from defense spending.