NEW YORK — Grocery chain The Fresh Market Inc. on Monday filed for an initial public offering to raise up to $345 million.
Fresh Market, based in Greensboro, N.C., operates 95 stores in the Southeast, Midwest and Mid-Atlantic regions.
The company said in a regulatory filing that its stores are, on average, half or a third of the size of a conventional supermarket, and it aims for a "neighborhood grocer" appeal to shoppers.
The company didn't say when it planned to go public or how many shares its stockholders planned to sell. Ray and Beverly Berry, Fresh Market's founders, and other company officers are selling all the shares in the offering. All proceeds from the IPO will go to the shareholders.
To read the rest of the story, please go to: Associated Press.
