Fairway Group Holdings Corp. (FWM), the parent company of Fairway Market, said Monday that it has closed its initial public offering of 13.65 million shares of Class A common stock at a price of $13.00 per share, consisting of 13,407,632 shares offered by the company and 242,368 shares offered by selling stockholders.
The underwriters exercised their over-allotment option in full, purchasing an additional 2,047,500 shares of Class A common stock from a group of selling stockholders.
The shares of Class A common stock began trading on the NASDAQ Global Market under the symbol "FWM" on April 17.
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