Content about Fairway

April 17, 2013

Fairway Group Holdings Corp., operator of the Fairway Market grocery chain, said Wednesday that it raised $177.5 million in its initial public offering after pricing the shares above the marketed range.

New York -- Fairway Group Holdings Corp., operator of the Fairway Market grocery chain, said Wednesday that it raised $177.5 million in its initial public offering after pricing the shares above the marketed range.

Fairway sold 13.65 million shares for $13 each, according to data compiled by Bloomberg, after offering them for $10 to $12. At the offering price, the company has a market value of about $536 million.

The shares, which represent a 33% stake, will be listed on the Nasdaq Stock Market under the symbol FWM.

April 4, 2013

Fairway Market grocery chain to go public

New York City-based supermarket chain Fairway Market is going public.

New York -- New York City-based supermarket chain Fairway Market is going public. The company said in a regulatory filing Thursday that it expects its stock to price in the range of $10 to $12 per share as it looked to raise as much as $164 million.

Fairway operates 12 locations in the greater New York City metro area and in on track to open a store this summer in Manhattan's Chelsea neighborhood and one in Nanuet, N.Y, in the fall.

September 25, 2012

Fairway Market files plans to take company public

Fairway Group Holdings Corp., a chain of natural and organic grocery stores, filed paperwork Monday to take the company public.

New York -- Fairway Group Holdings Corp., a chain of natural and organic grocery stores, filed paperwork Monday to take the company public.

Fairway has 11 stores in New York, New Jersey and Connecticut. It is 80% owned by Sterling Investment Partners, who will still control the business following the proposed IPO, said the company.