The Fresh Market sets terms for $250 million IPO

The Fresh Market, a high-growth perishable food retailer with 95 stores in 19 states, announced terms for its IPO on Monday. The Greensboro, NC-based company plans to raise $250 million by offering 13.2 million shares at a price range of $18-$20. At the mid-point of the proposed range, The Fresh Market will command a market value of $912 million. The Fresh Market, which was founded in 1982 and booked $862 million in sales last year, plans to list on the NASDAQ under the symbol TFM. BofA Merrill Lynch, J.P. Morgan and Goldman, Sachs & Co. are the lead underwriters on the deal, which is expected to price during the week of November 1.