Fresh Market seeks to raise $264 million in IPO

New York City The Fresh Market will seek to raise up to $264 million in an initial public offering, the company said in a filing with the Securities and Exchange Commission this week.

The company, which operates 100 small-format, upscale grocery stores,  said it expected to offer about 13.2 million shares at between $18 and $20 per share.

The shares would only be sold by current owners and executives, the filing said, but the offering would allow the company itself to offer additional shares to raise funds in the future.

The offering is expected to take place Nov. 4.