High-end grocery store chain Fairway Market priced its initial public offering of 13.7 million Class A shares at $10 to $12 per share as it looked to raise as much as $164 million.
The company, which traces its origins to a fruit and vegetable stand in New York City in the 1930s, operates in Connecticut, New Jersey and New York.
At the high end of the price range, the company will be valued at about $495 million.
The company, majority-owned by private equity firm Sterling Investment Partners, said in August that it had confidentially filed for an IPO.
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