US natural and organic retailer Natural Grocers plans to list on the New York Stock Exchange.
Natural Grocers, which has stores in ten US states, said yesterday (18 June) it had not determined the number of shares it will offer or the price at which they will go on sale.
Should the IPO go ahead, Natural Grocers will be the latest US retailer to list. In February, Roundy's Supermarkets floated on the NYSE.
The company will also be the latest firm in the US organic sector to list on the stock market. In March, US organic food manufacturer Annie's Inc went public in New York.
Organic sales in the US remain strong. According to the Organic Trade Association, sales increased 9.5% in 2011 to US$31.5bn.
Natural Grocers by Vitamin Cottage, Inc. Files Registration Statement for Proposed Initial Public Offering
LAKEWOOD, Colo., June 18, 2012 /PRNewswire/ -- Natural Grocers by Vitamin Cottage, Inc. (Natural Grocers) announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. A portion of the shares will be issued and sold by Natural Grocers and a portion will be sold by certain of its stockholders. The company will apply to list the shares of common stock on the New York Stock Exchange under the symbol "NGVC."
(Logo: http://photos.prnewswire.com/prnh/20120618/LA26229LOGO)
SunTrust Robinson Humphrey, Inc. and Piper Jaffray & Co. will act as joint book-running managers and as the representatives of the underwriters for the offering. William Blair & Company, L.L.C. and Canaccord Genuity Inc. will be co-managers for the offering. The offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained from:
SunTrust Robinson Humphrey, Inc., Attention: Prospectus Department,
3333 Peachtree Rd. NE, Atlanta, GA 30326, by email request at [email protected], or by calling 404-926-5744 or;
Piper Jaffray & Co., 800 Nicolette Mall, J12S03, Minneapolis, MN 55402,
by e-mail request at [email protected] or by calling (800) 747-3924.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Natural Grocers is a specialty retailer of natural and organic groceries and dietary supplements.
Currently the company has stores in ten states: Colorado, Idaho, Kansas, Missouri, Nebraska, New Mexico, Oklahoma, Texas, Utah and Wyoming.
