Sprouts Farmers Market, an organic grocer owned by private equity firm Apollo Global Management LLC , has selected underwriters for an initial public offering later this year, according to two sources familiar with the matter.
The Phoenix-based company has chosen Goldman Sachs Group Inc and Credit Suisse AG to lead a proposed offering, the sources said.
Goldman Sachs and Credit Suisse declined to comment. Apollo and Sprouts could not be reached for immediate comment.
The people asked not to be named because the matter is not public.
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