GREENSBORO – The parent company of The Fresh Market, Fresh Market Holdings Inc., has officially filed for an initial public offering, or IPO, which could raise as much as $250 million, according to PitchBook.
The company was publicly traded from 2010 through 2016, when Apollo Global Management took the company private for $1.36 billion. Founded in 1982, The Fresh Market last went public with an IPO of some $290 million in November 2010, when the company had 100 stores across 20 states.
As of March 2021, the company operated nearly 160 stores in about 22 states, according to Supermarket News, which wrote about the company’s preliminary moves to file for its IPO.
According to PitchBook, the grocery retailer recorded nearly $2 billion in sales for the year that ended on January 31, 2021, with comparable store sales growth of 22.3% in fiscal year 2020.
Preliminary filings were made in March 2021.
“The Fresh Market expects to use the proceeds of the offering for general corporate purposes, which may include the repayment of indebtedness,” the company stated at that time. “The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.”
The company launched grocery delivery in 2019.
