Sprouts Farmers Market on Monday said that underwriters of its recent stock offering have exercised rights to buy an additional 2.25 million shares of company stock at $33.75 per share.
The exercise of the underwriters' option brings the total number of shares of common stock sold in the offering to 17.25 million shares. The underwriters include a group of banks led by Goldman, Sachs & Co., Credit Suisse, BofA Merrill Lynch, Apollo Global Securities, Barclays, Deutsche Bank Securities, UBS Investment Bank, Guggenheim Securities and Wolfe Research Securities.
The shares were sold by Apollo Global Management, Spouts' majority owner. No proceeds of the offering went to the retailer.
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