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Natural Grocers Set for IPO Wednesday

LAKEWOOD, Colo. — Natural Grocers by Vitamin Cottage, the small-format natural and organic specialist based here, is expected to begin trading as public company on Wednesday.

In a recent filing, the company said it expects its shares to be priced between $13 and $15 per share. The company is selling about 3.6 million shares and other investors are selling another 3.5 million shares. It will trade on the New York Stock Exchange under the symbol NGVC.

More Natural Grocers news: Earlier IPO story

SunTrust Robinson Humphrey and Piper Jaffray are lead co-managers. The co-managers are William Blair and Canaccord Genuity.

The company operates 54 stores, averaging about 12,000 square feet, in 10 states. In its stock registration statement with the Securities and Exchange Commission, the company reported $4.6 million in net income on sales of $264.5 million in fiscal 2011, which ended last Sept. 30.

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