4/17/2013 04:58:00 PM

Fairway Market Goes Public

Image via Flickr/Jeffrey
Every New Yorker's favorite neighborhood grocery store, Fairway, has gone public today, taking its rapidly expanding 12-store empire to the national arena. Its initial public offering got off to a strong start last night, with Fairway pricing its shares at $13 each (above the expected range). It raised $177.5 million, valuing the whole company at $536.1 million. Fairway will continue to expand its locations at a rate of 3-4 new stores per year. [NYT]


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