Fairway Group Holdings Corp, the parent company of high-end grocery store chain Fairway Market, has filed for an initial public offering to raise up to $150 million of Class A common stock. Pricing terms of the offering were not disclosed.
The company said in the U.S. Securities and Exchange Commission in a preliminary prospectus that it plans to list on the NASDAQ under the symbol FWM.
The New York based company, which was founded in 1954, stated that Credit Suisse, BofA Merrill Lynch, Jefferies & Co., and William Blair are the joint bookrunners on the deal.
The company reported net loss of $11.9 million on sales of $554.9 million in the year ended April 1, 2012.
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by RTT Staff Writer
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